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Oman encourages open market economy: H E Zadjali  Join our daily free Newsletter

MENAFN - Muscat Daily - 08/10/2012

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(MENAFN - Muscat Daily) Oman exhibits an open market policy for encouraging foreign investments, which in turn would facilitate local investment in Oman, H E Hamoud Sangour al Zadjali, executive president of Central Bank of Oman said at the Oman Investment Forum 2012 held at Al Bustan Palace hotel on Monday.Speaking at the event, Zadjali said that Oman's continued focus on developing infrastructure and supporting businesses with incentives makes the sultanate well-positioned to attract foreign investments.''Oman, as an investment nation, offers a strong and adequate macroeconomic business friendly environment and also an educated workforce, along with strategic geographical location, suitable for investments from other regions in the Middle East and Asia.''Oman is committed to a policy of open market economy to encourage foreign investments, which in turn would supplement local investment. International trade and multinational projects will help in opening new markets for Omani products.''''Increased foreign inflows would sustain the overall development of the country, explore untapped resources and increase technological know-how and skills. Oman is also encouraging foreign investors to take advantage of opportunities in fisheries and maritime exports,'' added Zadjali.The overall economic outlook for Oman looked positive in 2012 despite heightened downside risks to global growth, according to the annual report for 2011 published by Central Bank of Oman (CBO).They have also permitted banks holding investment banking licences in the sultanate to market a few foreign investment products, which in turn has helped to promote foreign investment products in Oman.

 






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