Emirati Companies Set To Spearhead Impactful Projects In Oman, Says UAE Chambers Chairman

In a significant move to bolster economic ties, Abdulla Mohamed Al Mazrui, Chairman of the Federation of UAE Chambers of Commerce and Industry (UAE Chambers) and Chairman of the Abu Dhabi Chamber of Commerce and Industry, underscored the flourishing collaboration with the Oman Chamber. This partnership is set to enhance the exchange of best practices and experiences, benefiting the citizens of both nations. Al Mazrui's remarks were made during his statements to the Emirates News Agency (WAM) at the joint UAE-Oman Business Forum held today in Abu Dhabi.

Al Mazrui highlighted the unique relationship between the UAE and Oman, noting their geographical proximity and the seamless operation of businesses from both countries in each other's markets. He pointed out that many Omani companies operate in the UAE as if they were Emirati and vice versa, indicating a high level of economic integration.

The forum was not just a meeting point but a launchpad for initiating high-impact projects in Oman, with Emirati companies keen on exploring opportunities in the Sultanate's welcoming investment climate. Al Mazrui emphasized Oman's potential for attracting capital and supporting business growth for entities from both countries.

With the UAE standing as a leading investor in Oman, ranking third globally, the agreements signed at the forum are expected to further strengthen economic and strategic relations. These agreements cover various sectors including renewable energy, aluminium, iron, and projects within Oman's free zones, setting the stage for accelerated progress towards mutual achievements.

Moreover, Al Mazrui shed light on the UAE's vast expertise in different economic sectors, infrastructure, and transportation. The forum offers Omani counterparts an invaluable opportunity to leverage this knowledge, aligning with Oman's incentives aimed at driving comprehensive economic development. This collaboration between the UAE and Oman exemplifies a strategic partnership designed to foster economic growth and prosperity for both nations.

With inputs from WAM