MoU signed during a workshop at OCCI headquarters
GOIC suggests 10 industrial investment opportunities worth 254.6 million USD

 

The Gulf Organization for Industrial Consulting (GOIC) suggested industrial investment opportunities in Oman with an approximate value of 254.6 million USD in the areas of basic metal industries and metalworking and chemical and food industries. This announcement took place during a workshop that was organized by GOIC in collaboration with Oman Chamber of Commerce and Industry (OCCI) at the Chamber’s headquarters in the Sultanate. The event was attended by several representatives from companies and institutions affiliated with OCCI.
In the course of the workshop, GOIC presented the results and outputs of the GCC industrial roadmap. The Organization also delivered a presentation about promising investment opportunities and the Industrial Market Intelligence Portal (IMI Plus).

In his keynote speech, GOIC Secretary General Mr. Abdulaziz Bin Hamad Al-Ageel talked about the industrial roadmap: “It diagnoses the current industrial situation in GCC countries, identifies missing and target industries and suggests promising investment opportunities.” He continued: “This roadmap aims at guiding investors interested in investing in GCC countries based on the needs of the region.”
Al-Ageel added: “The outcomes of the industrial roadmap reveal that directing investments towards promising opportunities and missing industries would help develop various economic resources. This includes creating job opportunities for the increasing labour force and promoting economic and social activities.”

GOIC Secretary General praised the remarkable advancement of Oman in different economic and social areas. He opined: “This progress is the result of the balanced development policy. In fact, the Vision for Oman’s Economy 1995-2020 highlights the rough 60% private sector contribution to the GDP. Thus, these investment opportunities would contribute to the growth of this sector for the good of the Sultanate and the Gulf in general.” According to Al-Ageel, “Oman plays a dynamic role in the Gulf and has the potential to achieve economic and industrial development.”

During this workshop, OCCI Chairman Sheikh Al-Fadel Bin Mohammad Al-Harthy and GOIC Secretary General Mr. Abdulaziz Al-Ageel signed a Memorandum of Understanding.
Engineer Ismael El-Shafei, Head of the Industrial Promotion Unit at GOIC presented investment opportunities offered by GOIC to the Omani market such as: soy processed meats, margarine, aloe vera extracts, acrylic acid, polyvinyl acetate (PVAC), plastic bags, aluminium cans, aluminium coated coil, aluminium composite panels (ACP) and sulfur concrete.
These investment opportunities are worth nearly 254.6 million USD (98 million Omani Riyals) and will generate approximately 519 job opportunities.

At the end, Mr. Mohammed Bin Khamis Al-Mukhaini, GOIC Assistant Secretary General for Industrial Information and Studies delivered a presentation about the Industrial Market Intelligence Portal (IMI Plus). This Portal provides accurate and accredited statistical information to investors and other parties. It is an important database and a valuable source for carrying out informed researches and feasibility studies and making sound commercial decisions.