(MENAFN- Muscat Daily) Leading American private equity and real estate fund mangers are seeking to build key business relationships with institutional and private investors in Oman and introduce funds to potential partners with the ability to invest in such funds.
A US commerce department-certified private equity and real estate trade mission, which represents a group of high-performing funds, was on visit to Oman on Wednesday to discuss the US investing landscape and opportunities for Omani investors in private equity and real estate.
The mission organised an event on Wednesday to meet Omani investors and exchange information on opportunities in the US.
In his opening remarks, Paul Malik, deputy chief of the US mission, said, ''While I am pleased about opportunities in Oman, I really want to emphasise that the US is very much open for business and offers very attractive investment potential.''
He added that despite fluctuations in the global economy, America's underlying fundamental values and core strengths
of competitiveness, creativity, and entrepreneurship are rock solid.
''For years, we've drawn more foreign investment to our shores than any other country, with a total FDI stock of more than US$2.6tn – including inflows of US$166bn in 2012 alone. This will only continue, and should provide Omani investors with confidence and reassurance to invest in the US,'' said Malik.
Malik added that the US embassy in Muscat is dedicated to strengthening economic ties between the US and Oman, and expanding the impact of the US-Oman Free Trade Agreement.
Speaking to Muscat Daily, Chad Gracia, the private sector mission leader and CEO of the Gracia Group said, ''Our objective is to build new partnerships and strengthen existing ones and increase investments into the US market via private equity and real estate funds. People in Oman have great faith in the US economy and they are very comfortable working with US partners. So we are very optimistic about new business partnerships emerging from this mission.''
He added, ''We realise that a lot of investors in the Gulf region feel that the US market cannot be overlooked. There are challenges in the US but there are challenges everywhere in the world, and the US remains one of the most promising markets. I think it is a good time to either continue or increase investment allocations in the US, particularly through the selected funds.''
''This trade mission will present a diversified portfolio of funds. We have US$100bn groups that are looking for major institutional partners like sovereign wealth funds and we have small groups that manage US$100-200mn seeking smaller investments of up to US$5mn and also partners. So we are here to look for a broad range of partnerships,'' added
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