The private sector in Oman and Kazakhstan is establishing a new phase of economic and investment partnership
Source: Oman Daily (عمان) — الاقتصادية
Original summary written by Tharwa from the source above. How we source and correct stories
The story in brief
Omani / Economic and investment cooperation between the Sultanate of Oman and the friendly Republic of Kazakhstan is witnessing a new stage, as the visit made by His Majesty Sultan Haitham bin Tar will contribute... He explained that the Council will work to determine the priorities of trade and investment cooperation, identify the needs of companies, and direct efforts towards opportunities and projects that meet the aspirations of the private sector. He pointed out that the forum constitutes a practical beginning for the work of the Council, as it allows communication between companies and exploration for possible areas of cooperation.
Detailed summary
Omani / Economic and investment cooperation between the Sultanate of Oman and the friendly Republic of Kazakhstan is witnessing a new stage, as the visit of His Majesty Sultan Haitham bin Tar... Karimsakov, Chairman of the Board of Directors of the International Chamber of Commerce in Kazakhstan, will contribute to the fact that the Omani-Kazakhstan Business Forum in Astana has gained special importance by being held in conjunction with the visit of His Majesty the Sultan. (May God protect and protect him/) to the Republic of Kazakhstan, as the primary goal is to translate the high-level dialogue between the two countries into concrete trade and investment partnerships, indicating that the signing of the agreement to establish the Omani-Kazakhstan Business Council between the chambers of commerce represents an essential step for building institutional and organized cooperation between the business community. He touched on a number of priorities for cooperation during the next stage, the first of which is food security and agricultural business, and benefiting from the Omani ports. As centers for distribution and re-export to regional markets and the establishment of specialized work groups under the umbrella of a council
Business to accelerate the transition from the stage of dialogue and exploring opportunities to the stage of concluding agreements and implementing projects. He also proposed taking advantage of the logistical location of the Sultanate of Oman to reach other markets, stressing that developing these routes could enhance the role of the Sultanate of Oman as a transit center for Kazakh products to regional and international markets. For his part, Dr. Salem bin Abdullah Al Shanfari, head of the Omani side in the joint Omani-Kazakh business council, stressed that the establishment of the council coincides with the visit. His Highness His Majesty Sultan Haitham bin Tariq the Great (may God support him) gives its launch special importance and enhances the opportunities for building sustainable cooperation between the business communities of the two countries. He explained that the Council will work to determine the priorities of trade and investment cooperation, identify the needs of companies, and direct efforts towards opportunities and projects that meet the aspirations of the private sector. He pointed out that the forum constitutes a practical beginning for the Council’s work, as it allows for communication between companies and exploration of possible areas of cooperation.
Background & context
This story sits within Oman's broader reform agenda and efforts to grow Capital Markets as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.
Key numbers & facts
- No specific figures were provided in the available source. See the original publisher for detailed numbers.
Key points
- Omani / Economic and investment cooperation between the Sultanate of Oman and the friendly Republic of Kazakhstan is witnessing a new stage, as the visit made by His Majesty Sultan Haitham bin Tar will contribute...
- He explained that the Council will work to determine the priorities of trade and investment cooperation, identify the needs of companies, and direct efforts towards opportunities and projects that meet the aspirations of the private sector.
- He pointed out that the forum constitutes a practical beginning for the work of the Council, as it allows communication between companies and exploration for possible areas of cooperation.
- Omani / Economic and investment cooperation between the Sultanate of Oman and the friendly Republic of Kazakhstan is witnessing a new stage, as the visit of His Majesty Sultan Haitham bin Tar...
Why this matters
This matters because activity in Capital Markets shapes capital flows, hiring and investor sentiment across Oman.
Economic & market impact
Potential impact: - Listed GCC equities and indices may see direct trading reaction.
GCC angle
For the rest of the GCC, this is a signal on the pace of activity in Capital Markets. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.
Risks & uncertainty
There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.
What happens next?
Watch for upcoming disclosures from listed names in Capital Markets, official macro releases for Oman, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.
Sources used
This is an original Tharwa briefing based on the available source material. Read the full article from the publisher.
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