The April 6 event connected Omani and U.S. companies with information on Oman’s new economic stimulus plan and answered questions from U.S. investors interested in Oman
MUSCAT, OMAN: On April 6th, the Oman American Business Center (OABC) hosted a Virtual Majlis with Oman’s Minister of Commerce, Industry, and Investment Promotion, H.E. Qais Al Yousef.
The session presented a unique opportunity for members of the OABC to engage and ask specific questions to better understand the vision and future plans of MOCIIP. His Excellency Qais Al Yousef discussed incentives for foreign investors and other key information about how the plan will impact the future and Oman’s Vision 2040. The session also addressed business continuity and steps to mitigate the challenges faced by companies due to the pandemic.
OABC President and Chairman Ali Daud opened the session and thanked the official guest of honor: U.S. Ambassador to Oman, Leslie Tsou, before introducing His Excellency and the session’s moderator, OABC Board Member and Treasurer, William Crew of Inspired Solutions.
OABC compiled a list of questions received from its member companies, and during the event, executives were also given the opportunity to ask questions directly via chat.
“We commend His Excellency’s willingness to sit down together and engage with questions from the business community,” says Daud. ”We trust that this first virtual majlis may pave the way for more interaction, discussion, and future sessions between the public and private sectors within Oman. We would also like to thank our partner, the Bilateral US-Arab Chamber of Commerce, who supported the invitation of their membership as well to this event.”
“It is notable that in spite of, and even because of, the difficult and unique situation the world is facing today, U.S. companies can learn about what Oman has to offer through an online platform rather than physical travel,” continues Daud. “We hope that new opportunities and connections will be made through these efforts and initiatives during this time, as well as the future, as Oman moves towards its Vision 2040.”
As the official affiliate of the US Chamber of Commerce in Oman (AmCham Oman), the OABC promotes understanding, partnerships & other matters of mutual economic interest between business communities in Oman and the United States.
Formed in 2003, the OABC’s mission is to foster the development of commercial activity between Oman and the United States. With 30 events annually and over 160 member companies, OABC is Oman’s most active business council and networking group.