Oman plans to host Gulf Investment Conference

MUSCAT — Oman is looking into the possibility of hosting a Gulf Investment Conference by the year-end or early 2008 to provide a platform for investment opportunities, incentives and facilities for investors in the region.

By A Correspondent

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Published: Mon 9 Jul 2007, 9:10 AM

Last updated: Sat 4 Apr 2015, 10:17 PM

This was discussed during a meeting between the newly appointed chairman of Oman Chamber of Commerce and Industry (OCCI), Khalil bin Abdullah Al Khonji, and secretary-general of the Gulf Cooperation Council (GCC) Chambers Union, Abdul-Raheem Hassan Naqi.

The OCCI was recently restructured following elections to its board and appointment of Khalil Al Khonji as the new chairman through a royal decree issued by His Majesty Sultan Qaboos bin Said.

Besides the investment conference, the Omani side has also proposed an annual conference for Gulf chambers to discuss issues related to integration among members

During the meeting, the OCCI chairman was briefed by the AGCC Chambers Union secretary-general on the objectives and future plans and programmes for the joint Gulf economic activities.

He stressed the Gulf economic partnership and the role of the private sector in implementing partnership programmes and plans, praising the government's understanding of roles awaiting the Gulf private sector in the coming years.

The OCCI chairman stressed the AGCC Chambers Union's role in supporting the economic integration projects, particularly on the changes being witnessed by the Gulf economic arena.

He underlined the importance of exchanging views between the members in the union by calling for an integrated study on systems and laws to create a unified law for the Gulf chambers, so as to contribute to the promotion of the chambers' role in the Gulf economic progress and integration between economies of the council states.

Khalil also called for activation of the meetings and enhancing its contributions in activating the Gulf chambers and developing the Gulf private sector particularly at the level of small and medium establishments.

Meanwhile, Abdul-Raheem Hassan Naqi disclosed that a meeting of the AGCC Chambers directors would be held in the governorate of Dhofar between August 25 and 26 to discuss the union's basic system to cope with the future role in enhancing the Gulf economic action and the Gulf states' relations with the world economic blocs.

He also spoke about the union's plan to enhance relations among member chambers, discussed the challenges and proposed suitable mechanisms to overcome them.

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