Oman to capitalise on infra, to extend trade relations with UK
Post-Brexit, more UK companies are reportedly looking to Oman for operations as well as trade with GCC and East Africa
Oman is reportedly aiming to attract UK businesses to establish operations in the sultanate by capitalising on its strategic location, infrastructure, and talent.
The chairman of Oman Chamber of Commerce and Industry (OCCI), Qais al-Yousef and chief executive officer of Ithraa, Oman’s inward investment and export development agency, Azzan al-Busaidi, will headline opportunities in the Oman seminar, scheduled at the Arab – British Chamber of Commerce (ABCC) in London, state-run Oman News Agency reported.
Speaking about developing the trade relations between both countries, Al-Busaidi said that Oman’s connectivity, coupled with a range of strategically-located free zones, industrial estates and tech parks offers an attractive mix for UK companies which are looking to tap into the Gulf’s market.
“Post-Brexit, we’re seeing more UK companies looking to Oman as a strategic location, using it as a hub for trade with the GCC and East Africa. The strength and warmth of the bilateral relationship and the long trading history will also enhance investors’ confidence,” Al-Busaidi said.
He added that UK companies are “benefitting from the sultanate’s political and economic stability, robust legal system, infrastructure connectivity, multilingual talent and new foreign investment legislation."