OPAZ Eyes Enhanced Oman-China Economic Ties

In an effort to further the objectives of the Public Authority for Special Economic Zones and Free Zones (OPAZ) and the sultanate’s industrial estates in attracting and localising quality investments, the Omani embassy in China held a series of bilateral meetings with several large Chinese companies.

An Omani business delegation led by H E Eng Ahmed Hassan al Dheeb, Deputy Chairman of OPAZ, met with Chinese businessmen from various companies operating in targeted sectors, including green industries, iron, technology, modern information technology and chemicals in Beijing.

The Omani delegation’s visit to China is part of OPAZ’s strategy to strengthen economic cooperation, attract international investment, create new strategic alliances, and share technology, expertise, and experiences.

H E Nasser bin Mohammed al Busaidi, Oman’s Ambassador to China, also attended the meeting.

During these discussions, H E Dheeb elaborated on the infrastructure, incentives for investors, and investment prospects in the sultanate’s industrial cities, free zones, and special economic zones. He emphasised the role that Oman’s economic, free, and industrial zones play in attracting investments, localising industries, and fostering various forms of economic growth.

The OPAZ delegation also participated in the Omani-Chinese Investment Forum organised by the Embassy of Oman in China to introduce the investment environment and opportunities in Oman. The agenda included visits to several specialised Chinese companies and factories to learn about the experiences of Chinese companies in the targeted fields.

Representatives from OPAZ, the Special Economic Zone at Duqm, the Public Establishment for Industrial Estates (Madayn), and the Invest in Oman Hall were among the delegation.