The Oman Chamber of Commerce and Industry (OCCI) has revealed its plans to establish closed joint-stock companies in various parts of the country.
His Excellency Eng. Redha bin Juma Al Saleh, Chairman of the Board of Directors of OCCI said that with the establishment of closed joint-stock companies in Oman, the public utility organization aims to develop promising economic sectors.
Mr. Al Saleh stated that the OCCI is currently working on the necessary studies to set up such companies, explaining that some governorates of Oman such as Al Buraimi, Al Dhahirah, and Musandam have started establishing joint-stock companies and are currently in advanced stages.
The Chamber has been encouraging investment and trade partnerships with friendly countries. The Omani Bahraini Investment Holding Company, established earlier this year, with a capital of $26 million, which will be divided equally between Omani businessmen and their counterparts. On the Bahraini side, it will be interested in investing in the field of food security and in other sectors focused on the Oman Vision 2040.
Mr. Al Saleh further added that there is a preliminary agreement with Saudi Arabia to create a commercial and investment partnership, provided that a committee is formed to study this agreement, which will be announced in time.
The chamber is making efforts to attract new investments to Oman and looks out for investment opportunities abroad by organizing visits for trade delegations and bilateral meetings between Omani businessmen and their counterparts from friendly countries.
