logo
Invest OMAN Hosts 'Advantage Oman' Business Dialogue in Brussels, Kingdom of Belgium

Invest OMAN Hosts 'Advantage Oman' Business Dialogue in Brussels, Kingdom of Belgium

Times of Oman17-06-2025

As part of its strategic agenda to expand global investment partnerships, Invest OMAN, operating under the Ministry of Commerce, Industry, and Investment Promotion, convened the 'Advantage Oman – Kingdom of Belgium' Business Dialogue in Brussels. The event was held in collaboration with the Embassy of the Sultanate of Oman in Belgium and the Arab-Belgian-Luxembourg Chamber of Commerce (ABLCC).
Designed to highlight the Sultanate's evolving investment landscape, the dialogue aimed to foster deeper economic and trade relations between Oman and Belgium. It brought together a distinguished audience of Belgian investors, industry leaders, and senior decision-makers, with a focus on high-potential sectors such as renewable energy, pharmaceuticals and life sciences, and tourism and leisure.
The platform facilitated direct engagement between Omani and Belgian stakeholders, enabling exploration of joint investment opportunities and commercial synergies. The Omani delegation presented Oman's strategic megaprojects, regulatory enhancements, and investor-centric reforms—underscoring the Sultanate's commitment to creating a competitive and future-ready business environment.
H.E. Pankaj Khimji, Foreign Trade and International Cooperation Adviser at the Ministry of Commerce, Industry, and Investment Promotion, stated: 'Oman places great emphasis on forging long-term partnerships with Belgium. This dialogue is a strategic step toward elevating our economic cooperation, introducing Oman's competitive advantages, and enabling Belgian enterprises to expand within a high-potential, future-ready market.'
H.E. Rua bint Issa Al Zadjali, Ambassador of the Sultanate of Oman to the Kingdom of Belgium, remarked:
'This initiative reflects Oman's broader vision to strengthen economic diplomacy and create meaningful engagement with key international markets. It is a timely platform to deepen ties with Belgium's business community and highlight Oman's role as a trusted and strategic investment destination.'
The 'Advantage Oman – Kingdom of Belgium' Business Dialogue is part of Oman's ongoing global outreach to position itself as a regional gateway for investment and trade. Belgium continues to emerge as a key partner across several priority sectors, as Oman actively builds enduring economic bridges with European markets

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

E-freelancing gains momentum among Omani youth
E-freelancing gains momentum among Omani youth

Observer

time2 hours ago

  • Observer

E-freelancing gains momentum among Omani youth

MUSCAT: Online freelancing is gaining strong traction across the Sultanate of Oman, fuelled by the evolving digital economy and proactive government initiatives that support self-employment and youth empowerment. Aza bint Ibrahim al Kindi, Director of Commercial Affairs and E-Commerce at the Ministry of Commerce, Industry and Investment Promotion, noted that e-commerce has become one of the most prominent freelancing sectors. This growth has been supported by streamlined licensing procedures, including the introduction of the 'Freelance Business Register' – a low-cost, regulated framework for individuals to operate legally. She emphasised that e-commerce offers significant advantages: low startup costs, broad consumer reach, and access to regional and global markets. These benefits make it an ideal platform for young Omanis seeking to build sustainable businesses and diversify income streams. Aza bint Ibrahim al Kindi, Director of Commercial Affairs and E-Commerce at the Ministry of Commerce, Industry and Investment Promotion Over 200 commercial activities are now covered by freelance licences, allowing businesses to gain consumer trust through platforms such as 'Maroof Oman,' which authenticates licensed e-stores. Al Kindi highlighted e-commerce's contribution to job creation, especially for graduates and job seekers in marketing, software, and digital design. The sector also showcases Omani talent and innovation, boosting value-added economic activity and modernising the business landscape. She cited the government's National E-Commerce Plan (2022–2027), which includes initiatives like the SME Authority's training programmes for global platforms such as Amazon and Noon. Other initiatives, such as the Ministry of Transport's 'Makin' programme, help upskill Omanis with in-demand technical skills. In conclusion, Al Kindi noted that online freelancing is not just a source of income but a critical stepping stone for entrepreneurship. It allows Omanis to build professional portfolios and networks before launching independent ventures, reinforcing Oman Vision 2040's aspirations for a knowledge-driven, innovative economy. — ONA

Rising demand for freelance digital work in Oman
Rising demand for freelance digital work in Oman

Times of Oman

time10 hours ago

  • Times of Oman

Rising demand for freelance digital work in Oman

Muscat: Oman is witnessing rapid growth in its freelance digital work sector, fueled by shifts in the global job market and digital economy trends. This surge is supported by national initiatives designed to empower youth and offer sustainable income through various digital platforms. Government Support and Legal Frameworks: Azza bint Ibrahim Al-Kindi, Director of Commercial Affairs and E-Commerce at the Ministry of Commerce, Industry, and Investment Promotion, stated that e-commerce is now one of the most prominent freelance fields. A key initiative is the 'Freelance License Record,' allowing Omanis to engage in online commerce legally with minimal fees and clear regulatory frameworks. Benefits of E-Commerce: She emphasized the low startup costs compared to traditional stores and the expanded consumer reach through digital platforms, which help Omani businesses access regional and global markets. Empowering Youth & Entrepreneurs: Freelance digital work enhances the skills of young Omanis and offers a flexible way to diversify income. Over 200 activities are now eligible for freelance licenses, with the "Ma'roof Oman" platform helping verify licensed digital stores to boost consumer trust. Driving the Digital Economy: This sector supports job creation in areas like marketing, design, and software development. It promotes innovation, tech skills, and economic diversification. Strategic Initiatives Under Oman Vision 2040: Oman's National E-Commerce Plan (2022–2027) includes training programs to help entrepreneurs join platforms like Amazon and Noon. Other efforts include developing IT competencies through the "Makeen" program and encouraging SME integration into global supply chains.

China, US ease trade restrictions after deal
China, US ease trade restrictions after deal

Observer

timea day ago

  • Observer

China, US ease trade restrictions after deal

China and the United States have agreed to ease some trade restrictions, according to statements from both sides. China's Ministry of Commerce announced on Friday that it will review and approve applications for the export of 'controlled goods' that comply with regulations, while the US would lift a series of 'restrictive measures' against China. US President Donald Trump previously mentioned a signed agreement with China but left many questions unanswered. "We just signed with China yesterday," the Republican said at an event at the White House while talking about making deals with other countries. Trump also suggested that there could 'maybe' be a 'very big' deal with India. US Commerce Secretary Howard Lutnick later confirmed in an interview with financial news agency Bloomberg that the deal with China had been signed. He said China would supply rare earths, while the US will end its countermeasures. Since Trump launched a trade war with Beijing in February, the world's two largest economies have been locked in a tit-for-tat tariff fight that has unnerved global markets. In April, Trump increased tariffs on goods from China to as much as 145 per cent. In response, Beijing imposed counter-tariffs of 125 per cent and introduced export controls on industrially important rare earths and magnets made from them, on which China holds a near-monopoly. At the height of the tariff dispute in May, high-level delegations from both sides agreed in Geneva to significantly reduce tariffs for 90 days while continuing negotiations. It remains unclear, however, what will happen after the August deadline. The US has since imposed further restrictions on the export of important technology, such as software for computer chips and aviation components, for which China still relies on foreign manufacturers. Another meeting between the two sides, in London in early June, focused on the trade restrictions. US representatives eventually agreed with their Chinese counterparts on a reduction, although for a long time no details emerged. Observers interpreted the outcome as a return to the state of play after the Geneva meeting. Both countries' presidents were expected to approve the decisions following the London talks. Beijing's export restrictions on rare earths has put significant pressure on industries outside of China. The measures affected all countries, not just the US. In Germany's important automotive and mechanical engineering sectors, companies are concerned about the supply of important metals used in sensors or electric motors. China justified the controls by stating that the raw materials can have both civilian and military uses. Companies said it was taking along time for China's Ministry of Commerce to process applications, without certainty of approval. Concerns have grown about potential production halts. The Ministry of Commerce in Beijing has repeatedly said it has approved applications for companies in the EU and intends to speed up the process. — dpa

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store