Introducing the Omani investment environment in Paris to attract French companies

Paris - Omaniya “Invest in Oman” at the Ministry of Trade, Industry and Investment Promotion, in cooperation with the Embassy of the Sultanate of Oman to the French Republic, and the Federation of French Companies in Paris, organized a meeting that brought together an elite group of representatives. “Invest in Oman” at the Ministry of Trade, Industry and Investment Promotion, in cooperation with the Embassy of the Sultanate of Oman to the French Republic, and the Federation of French Companies in Paris, organized a meeting that brought together an elite group of representatives of the French business community, within the framework of joint efforts to strengthen economic relations between The Sultanate of Oman and the French Republic. The meeting was attended by Her Excellency Ibtisam bint Ahmed Al Farouji, Undersecretary of the Ministry of Trade, Industry and Investment Promotion for Investment Promotion, and His Excellency Ahmed bin Mohammed Al Araimi, Ambassador of the Sultanate of Oman to the French Republic. During the meeting, the competitive elements of the investment environment in the Sultanate of Oman were reviewed, and areas of cooperation in priority sectors were discussed.

The meeting comes within “Invest in Oman’s” direction towards attracting companies and institutions with high investment potential, by identifying their areas of business and future directions, and linking them with projects and opportunities that are compatible with their experiences and capabilities, in a way that supports building economic relationships that can be developed into sustainable projects and partnerships. The meeting discussed multiple areas of cooperation that intersect with economic diversification goals, including energy, renewable energy, hydrogen, water and resource management, waste-to-energy conversion, space and advanced technologies, transportation and infrastructure, engineering, digital technologies, and health care. The meeting witnessed the presence of entities from various sectors and fields in France, in addition to business networks and institutions specialized in consulting, financing, legal services and health care, as well as representatives of French government agencies, which enhances the multiplicity of cooperation paths and opens the way for the exchange of experiences, knowledge and specialized services.

Her Excellency Ibtisam bint Ahmed Al-Farugi, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, confirmed that the French market represents one of the important markets in the Sultanate of Oman’s efforts to attract quality investments, noting that the current stage focuses on aligning the opportunities available in the Sultanate of Oman with the needs of investors and their plans for international expansion. Her Excellency said that the Ministry is keen, through these meetings, to move the dialogue with the business community from identifying opportunities to understanding investors’ needs and identifying areas of intersection with priority sectors in the Sultanate of Oman, as French companies are an important partner due to their expertise, technologies and capabilities that can contribute to developing quality projects and strengthening value chains in the Omani economy.

For his part, His Excellency Ahmed bin Mohammed bin Nasser Al Araimi, Ambassador of the Sultanate of Oman to the French Republic, stressed the importance of the role that such meetings play in enhancing rapprochement between the business communities in the two countries, pointing out that Omani-French relations provide a solid basis for developing economic cooperation.