Sunday 13 / October / 2024
Muscat: Since its launch in January 2023, Invest in Oman Hall has successfully localised 29 investment projects worth OMR 1.2 billion. This initiative, designed to attract investors to Oman, has become a central hub for capital owners, companies, and development institutions, aligning with Oman Vision 2040’s objectives to boost foreign direct investment in key strategic sectors.
Operating under the Ministry of Commerce, Industry, and Investment Promotion, the hall provides a range of incentives and services, offering investors access to critical information and infrastructure in sectors such as renewable energy, technology, tourism, and food security. It also features a map of investment opportunities, supported by feasibility studies, along with dedicated teams to assist global companies in securing appropriate incentives.
Hafsa bint Salem Al Rashdi, Director of Investor Relations at Invest in Oman Hall, highlighted the hall’s role in attracting major investments, particularly in the industrial and renewable energy sectors. Among the notable projects is a polysilicon factory in the Sohar Free Zone, valued at over OMR 520 million, expected to open in 2025. The hall has also facilitated investments in Sultan Haitham City, amounting to OMR 439 million.
Rabab bint Mustafa Al Lawati, Director of the National Negotiation Team, emphasised the hall's efficiency in streamlining processes for investors. Each investor is assigned a "Relationship Manager" to guide them through their investment journey and ensure ongoing support.
As part of its strategic mission, Invest in Oman Hall aims to position Oman as a leading global investment destination, focusing on sectors such as renewable energy, artificial intelligence, and sustainable tourism. The hall will continue enhancing its services and showcasing Oman’s competitive advantages on the international stage, contributing to the country’s economic transformation under Vision 2040.
