Oman-Saudi Partnership Launches ‘G7’ Company: Key Implications for Investors and Entrepreneurs in Oman
مسقط: The Omani-Saudi Business Forum, which took place on Wednesday at the Oman Convention and Exhibition Centre, focused on exploring potential investment opportunities to strengthen economic collaboration between Oman and Saudi Arabia.
This forum is part of the Omani-Saudi Franchise Exhibition, organized by the Oman Chamber of Commerce and Industry (OCCI) in collaboration with the Federation of Saudi Chambers.
During the event, the Omani representatives showcased several visual presentations detailing the services and programs that OCCI offers to bolster the business community. They highlighted key advantages and incentives provided by the "Invest Oman" platform for potential investors and presented promising investment opportunities identified by the Oman Investment Authority. In addition, they emphasized the comprehensive infrastructure and support services designed to attract industrial investments in the industrial cities managed by the Public Establishment for Industrial Estates (Madayn).
On the Saudi side, presentations outlined the investment landscape in the Kingdom, discussing ongoing economic and regulatory developments as well as the opportunities available under "Saudi Vision 2030" across various sectors.
A dialogue session titled "The Reality and Prospects of Economic Integration and Cooperation between the Sultanate of Oman and the Kingdom of Saudi Arabia" featured contributions from officials, business leaders, and specialists. This session addressed potential bilateral partnerships, industrial integration, and enhanced trade and investment exchanges between the two nations.
Throughout the forum, bilateral meetings were held between business owners from both countries to establish direct channels for agreements and forge new strategic partnerships.
Additionally, the event saw the signing of an agreement to create an Omani-Saudi company named "G7," which will be managed by the Serapis Entertainment Group. This new company aims to promote tourism services, market brands and commercial franchises, and organize conferences, exhibitions, events, and international festivals.
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The recent Omani-Saudi Business Forum presents a significant opportunity for businesses in Oman to forge strategic partnerships and leverage the incentives offered by the "Invest Oman" platform. With the creation of the Omani-Saudi company "G7," investors should consider exploring tourism and entertainment sectors, which are poised for growth. However, as economic integration intensifies, کارآفرینان باید هوشیار باشند to regulatory changes and competitive pressures emanating from Saudi Arabia’s "Vision 2030" initiatives.
