logo
Oman, Mongolia explore cooperation opportunities in investment sectors

Oman, Mongolia explore cooperation opportunities in investment sectors

Times of Omana day ago
Ulaanbaatar: Abdulsalam Mohammed Al Murshidi, Chairman of the Oman Investment Authority (OIA), and his accompanying delegation met with Gombojavyn Zandanshatar, Prime Minister of Mongolia. The meeting took place in Mongolia's capital, Ulaanbaatar.
During the meeting, the Mongolian Prime Minister expressed keenness to enhance cooperation with Oman. He emphasised his country's interest in building a practical partnership based on mutual benefit and facilitating investment in priority sectors.
For his part, the Chairman of the Oman Investment Authority underscored the importance of developing bilateral cooperation in investment and all other areas of mutual interest.
The Omani delegation also held a series of official meetings with several Mongolian government officials. These included Damdinnyam Gongor, Minister of Industry and Mineral Resources and Batkhuu Idesh, Secretary-General of the Ministry of Economy and Development.
The delegation also held meetings with the Advisor and Head of the Deputy Prime Minister's Office; the Director General of the Investment and Trade Agency; and the Advisor to the Minister of Food, Agriculture, and Light Industry.
The meetings focused on exploring cooperation opportunities in the mining, energy, agriculture, and food industries sectors. They also discussed ways to develop joint projects, enhance trade exchange, and create an attractive environment for long-term investments.
Both sides expressed interest in intensifying technical dialogue in the coming phase as a prelude to establishing executive frameworks for bilateral cooperation.
The official visit reflected the mutual desire of Oman and Mongolia to build a diverse and sustainable strategic partnership. The relations between the two countries have great potential for cooperation that can be leveraged in various fields to serve their respective economic and developmental interests.
The meetings were attended by Sheikh Abdulaziz Abdullah Al Hinai, Ambassador-at-Large at the Foreign Ministry, and several officials from both sides.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Housing Ministry offers 14 investment opportunities in North Al Sharqiyah
Housing Ministry offers 14 investment opportunities in North Al Sharqiyah

Times of Oman

time12 minutes ago

  • Times of Oman

Housing Ministry offers 14 investment opportunities in North Al Sharqiyah

Ibra: The "Tatweer" platform of the Ministry of Housing and Urban Planning has launched 14 agricultural and commercial investment opportunities across several wilayats in North Al Sharqiyah Governorate. These opportunities are available for the Ministry of Agriculture, Fisheries and Water Resources, and the North Al Sharqiyah Governor's Office, covering agriculture, real estate development and commercial investment. The sale of investment prospectuses for these opportunities began on Tuesday, with some prospectuses set to be available starting 14 August. Eng. Hamad Rashid Al-Sawaei, Assistant Director-General of Agriculture and Water Resources in North Al Sharqiyah, explained that the investment opportunities are designed to enable private sector institutions and companies to benefit from diverse prospects in agriculture and commerce. The agricultural opportunities aim to adopt modern farming techniques by establishing advanced projects for cultivating various crops, including figs, onions, garlic, potatoes, and date palms. He added that these projects will adopt integrated production systems, leveraging modern technologies in farming, irrigation, and post-harvest processes to ensure sustainability, high product quality, and enhanced competitiveness in regional and global markets. Meanwhile, the commercial investment opportunities allow investors to establish strategic business projects aligned with the proposed requirements. Al Sawaei noted that the Ministry of Agriculture, Fisheries and Water Resources has offered 12 agricultural investment opportunities across the wilayats of Ibra, Al Mudhaibi, Al Qabil, Sinaw, Bidiyah, and Dima wa Al-Ta'een. Key opportunities include: 5 investment opportunities for a fig cultivation and production project in the village of Al-Quway'ah, Sinaw, covering 20 acres; An investment opportunity for a vegetable farming project (greenhouses and open fields) in Misrun, Ibra, spanning 8 acres; An opportunity to establish a date production factory in the industrial zone of Dima wa Al-Ta'een, covering **2,135 square metres. Additionally, there is an opportunity for a date palm cultivation and "Bisur" (young date) production project in Al-Ghubbi, Bidiyah, spanning 100 acres, as well as projects for potato farming (6.3 acres), garlic cultivation (6.3 acres), and onion farming (6.3 acres) in Barzman, Sinaw. Another opportunity involves garlic and onion farming in Maghsar, Al Qabil, covering 6 acres. On his turn, Badr Ahmed Al Habsi, Director of Planning and Investment at the North Al Sharqiyah Governorate, commented on the investment opportunities offered by the Governor's Office through the Tatweer platform, stating: 'The most prominent opportunity is the strategic commercial investment in Ibra, aligned with Oman Vision 2040 and the goals of the sustainable development, which focus on diversifying national income sources, boosting local economies, and providing quality, sustainable job opportunities for Omani citizens." He added that there is another investment opportunity for establishing custom industrial shops based on investor proposals—a project in Al Mudhaibi on a 2,565-square-metre plot. This initiative, he said, aims to create and operate multi-purpose industrial shops catering to small and medium enterprises (SMEs), strengthening the local business environment and generating sustainable employment. The investment contract will be valid for 10 years, with a one-year grace period for preparation and setup from the contract's effective date, he pointed out.

Oman, Mongolia explore opportunities for establishing partnerships in vital sectors
Oman, Mongolia explore opportunities for establishing partnerships in vital sectors

Times of Oman

time20 minutes ago

  • Times of Oman

Oman, Mongolia explore opportunities for establishing partnerships in vital sectors

Ulaanbaatar: Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), on Tuesday held a meeting in Ulaanbaatar with Battsetseg Batmunkh, Minister of Foreign Affairs of Mongolia. During the meeting, Al Murshidi and Batmunkh affirmed the depth of relations between the Sultanate of Oman and the Republic of Mongolia. They discussed ways to enhance bilateral cooperation, notably in economic and investment fields. The meeting also touched on opportunities for establishing partnerships in vital sectors. The two sides exchanged views about appropriate mechanisms for improving coordination and expanding cooperation in the near future.

India is on track to gain bigger share in global output: Morgan Stanley
India is on track to gain bigger share in global output: Morgan Stanley

Times of Oman

timean hour ago

  • Times of Oman

India is on track to gain bigger share in global output: Morgan Stanley

New Delhi: India is set to play a bigger role in the global economy over the coming decades, noted a recent report by Morgan Stanley. The report says with the expectation of India's credit to GDP rising and manufacturing gaining a bigger share in GDP, country's role in global economy will significantly go up. The report said that India is on track to gain more share in global output in the coming years due to a mix of strong foundational factors. These include robust population growth, a functioning democracy, stable macroeconomic policies, improved infrastructure, a rising entrepreneurial class, and better social outcomes. It stated "India will become the world's most sought-after consumer market, it will undergo a major energy transition, credit to GDP will rise and manufacturing could gain share in GDP". The report also noted that these strengths will help India become the world's most sought-after consumer market. In addition, the country is expected to undergo a major energy transition and experience stronger growth in credit and manufacturing sectors. The report added that the falling intensity of oil in India's GDP and a rising share of exports, especially services, will support fiscal consolidation. The government is likely to achieve a primary surplus within three years. This, along with reduced saving imbalance, could lead to structurally lower real interest rates. The report said this combination of high growth, low volatility, and falling interest rates supports higher price-to-earnings (P/E) ratios in the equity market. It highlighted that Indian households are shifting their investments towards equities, and this trend is expected to continue. The improved macroeconomic stability and changes in household balance sheets are supporting the sustained demand in the stock market. It also noted that even though stocks have de-rated compared to long bonds and gold, India is steadily gaining a bigger share in global GDP. The report stated that the soft earnings growth phase, which began in the second quarter of FY2025, seems to be ending. However, the market is still cautious. Despite foreign portfolio investor (FPI) positioning being at its weakest level since data began in 2000, Morgan Stanley said it remains confident in India's long-term prospects. It added that India's low beta implies it could perform well during a global bear market but may underperform during a global bull run. However, the report also warned about downside risks such as slowing global growth, worsening geopolitics, rising oil prices, and continued supply chain disruptions, especially in areas like rare earth materials and fertilizers.

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