'Huge potential for investment between Oman, India,' says Omani official
Investment Opportunities Between Oman and India
Key Figures and Organizations
Khalid bin Sulaiman Al Salhi, the Director General of Marketing and Commercial Affairs at Madayen, Oman, has emphasized the significant investment potential between Oman and India. Madayen is the Public Establishment for Industrial Estates in Oman.
Investment Potential
Al Salhi highlighted the promising opportunities for investment between the two countries, particularly in sectors such as Information and Communication Technology (ICT), food processing, pharmaceuticals, and infrastructure. He expressed Madayen's eagerness to welcome investments from India and explore new technologies in these areas.
Plans for Collaboration
When asked about collaborative plans, Al Salhi confirmed the existence of a joint investment fund as a major initiative between Oman and India. He assured that Oman is committed to facilitating inquiries and investments from India, emphasizing the localization of investments within Oman.
Strategic Partnership
Oman is a strategic partner of India and plays a crucial role in various international forums such as the Gulf Cooperation Council (GCC), Arab League, and Indian Ocean Rim Association (IORA). The two nations share a rich history of people-to-people contact dating back 5000 years, with diplomatic relations established in 1955 and upgraded to a Strategic Partnership in 2008.
Doubts Revealed
Khalid Al Salhi
Khalid bin Sulaiman Al Salhi is a high-ranking official in Oman, working as the Director General at Madayen, which is an organization in Oman.
Madayen
Madayen is an organization in Oman that focuses on industrial development and investment opportunities.
ICT
ICT stands for Information and Communication Technology, which includes technologies like computers, the internet, and telecommunications.
Joint investment fund
A joint investment fund is a pool of money collected from multiple investors to invest in various projects or sectors, shared between two or more countries or organizations.
Strategic Partnership
A Strategic Partnership is a formal agreement between two countries to work closely together on various issues, such as trade, security, and cultural exchange. India and Oman have such a partnership since 2008.
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