The Sultanate of Oman participated in the G20 Trade and Investment Ministers’ meetings, which took place in Jaipur City, the Republic of India.

Oman’s delegation was led by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.

The meetings discussed issues related to trade and investment, most importantly means of supporting multilateral trade for global growth and prosperity, digitizing trade (digital transformation in government services), building comprehensive and flexible trade, benefiting from technology to achieve global growth, managing supply chains, supporting small and medium enterprises and increasing their competitiveness in global trade.

During the meeting, Al Yousef gave a speech during which he underlined the importance of collective international efforts to achieve sustainable global growth and strengthen global supply chains and e-commerce.

He affirmed that the Sultanate of Oman, under the wise leadership of His Majesty the Sultan, has made many achievements in various areas of investment, logistics and digital transformation. Oman also took giant strides in streamlining the investment climate by upgrading the legislative system and infrastructure projects, added Al Yousef, who explained that the outcome of the meetings would lead to achieving clear benefits for Omani companies as they enter and expand their operations in global markets.

Al Yousef affirmed that Oman looks forward to participating in the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi, UAE, next February.

Meanwhile, Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion held meetings during the visit with a number of trade ministers and officials from the G20 countries, invited countries and international organizations, to discuss a number of issues of importance, strengthening relations between Oman and countries of the world and exploring potential investment opportunities for cooperation in various sectors.

On the sidelines of the G20 Trade and Investment Ministers’ meetings, the Sultanate of Oman took part in the G20 Business Forum, which was held from 25-27 August in New Delhi.

The Omani delegation comprised the Oman Chamber of Commerce and Industry, Omran Company, Duqm Refinery, Hydrogen Oman SPC (Hydrom) and a number of private sector institutions.

The delegation discussed trade and investment issues with the main trading partners and highlighted the investment environment and opportunities in the Sultanate of Oman.