Monday 30 / September / 2024
Madrid: The Sultanate of Oman, represented by Oman Chamber of Commerce and Industry (OCCI) took part in the Oman-Spain Business Forum, held in Madrid.
The event is hosted by the Spanish Chamber of Commerce. The Oman’s delegation was headed by Eng. Hussain Hassan Abdul Hussain, Member of the Board of Directors of OCCI.
The event highlighted several Omani companies and reviewed opportunities in the Spanish market. On the sidelines of the forum, several B2B meetings were held to explore investment opportunities in the private sector of Oman and Spain.
For his part, Jaime Montalvo, International Director of the Spanish Chamber of Commerce, stressed the importance of the forum in reviewing the opportunities to enhance bilateral relations between the two countries through trade and investment exchange. He expressed hope that the forum will achieve its goals through effective communication and establishing trade partnerships between businessmen in the two countries.
Eng. Hussain Hassan Abdul Hussain explained that this visit comes to support the private sector to expand the base of economic diversification, explore commercial opportunities in the Spanish market, and link Omani commercial companies with their Spanish counterparts.
He said that the Chamber’s participation in the forum came through a trade delegation specialised in the fields of food security, health and industry, and representatives from the Ministry of Commerce, Industry and Investment Promotion to introduce the opportunities and investment climate in the Sultanate of Oman.
He added that he would be visiting a number of Spanish companies in the cities of Madrid and Barcelona to explore cooperation opportunities and the possibility of creating trade partnerships, in addition to exchanging expertise and experiences between private sector institutions in the two friendly countries, expressing his hope that the forum and the accompanying bilateral meetings between Omani traders and their Spanish counterparts will contribute to opening new horizons for increasing trade exchange between the two countries in various economic sectors.
For his part, Mohammed Al Lawati from the Ministry of Commerce, Industry and Investment Promotion, presented a working paper on the investment environment in the Sultanate of Oman and the most prominent available opportunities.
The Spanish side explained the efforts made by government institutions to enhance bilateral economic relations and economic diplomacy in addition to Spain’s commercial activity in the Middle East, presented by representatives from the Ministry of Foreign Affairs and the Ministry of Commerce of the Kingdom of Spain. The Spanish Chamber of Commerce also provided an overview of commercial opportunities in Spain and the mechanism of work of chambers of commerce in the Kingdom of Spain.
During the forum, the Omani companies participating in the delegation were introduced, as well as the commercial opportunities that the delegation members are looking forward to exploring in the Spanish market. On the sidelines of the meeting, a number of bilateral meetings were held between Spanish companies and institutions and the delegation members, in which the two sides discussed the most important investment opportunities available in the Omani and Spanish private sectors..
