Observing the huge potential of development in economic and investment relations between Oman and Malaysia, the Oman Chamber of Commerce and Industry (OCCI) plans to sign a memorandum of understanding (MOU) with the Kuala Lumpur Chamber of Commerce and Industry.
The OCCI invites Malaysian companies to undertake joint-venture projects in the sectors including vessels, ship manufacturing and textile industries.
Oman is taking steps to make the private sector to play an important role in the national economy.
Nearly US $11 billion allocated for infrastructure, industrial and logistics facilities for the Sohar industrial port, which is to be developed as a new economic zone which has a port, an oil refinery, an airport as well as a petrochemical complex.
The Oman Government is providing facilities and investment incentives to foreign investors to encourage them to participate in the country's development projects. This step will surely help to boost the economic ties between Oman with other countries.
marketing@alchempro.com
