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Oman Investment Forum 2011 from Oct 10
MUSCAT -- Oman offers outstanding investment opportunities for companies based in Oman and prospective international investors looking for an excellent return on investment and solid long-term growth in a dynamic and rapidly growing economy.

This was stated jointly by the Public Authority for Investment Promotion and Export Development (PAIPED) and MEEDMEED, organisers of Oman Investment Forum 2011 that will take place later this month.

The 3-day Forum will take place at the Al Bustan Palace Hotel between from October 10 to 12 and will debate the excellent and growing number of investment and business opportunities in Oman's rapidly growing projects market.

Dwelling upon the importance of the Forum, MEEDMEED Chairman, Edmund O'Sullivan cited a number of key statistics that are set to underpin the growth of Oman's major sectors in the next five years including: RO 80 billion ($US 210 billion) of the Middle East's Islamic finance industry is now open to Oman's banking sector.

Moreover, RO 8 billion ($20 billion) is estimated to be spent on transport infrastructure projects including major roads, airports, port and railway, RO 1.92 billion ($5 billion) will be invested in the Duqm refinery plans to be built in the next five years, RO 300 million ($780 million) of projects will be tendered for in desalination water projects and RO 148 million ($385 million) to be invested in the new aluminium facility at Sohar over the next 31 months.

The Forum, according to MEEDMEED and their strategic event partner the PAIPED is shaping up to be a major success with an excellent response from the public and private sectors.

Nisreen Ahmed Jaffer, PAIPED Director General for Promotion Investment termed the upcoming Forum as a rare opportunity for investors. "We are very proud to be supporting and helping to organise such an important gathering and are delighted that MEEDMEED Events recognises the enormous potential and scope for new project development here in Oman," she said.

The Forum has attracted top level keynote speakers who include senior ministers from the Omani Government, leading financial institutions, infrastructure firms and organisations and leading private sector companies across Oman's major sectors.

During the three days in a mix of presentations and panel discussions, conference delegates will be involved in debates on a range of areas related to project development and opportunities across Oman's major sectors including funding and financing; transport; tourism; utilities ; downstream development, oil and gas and social infrastructure.

Ministerial speeches will be given by Shaikh Saad bin Mohammed al Saadi, Minister of Commerce and Industry; Darwish al Balushi, Minister of Finance; and Ali Masoud al Sunaidy, Minister of Sports Affairs & Chairman of Information Technology Authority.

Commenting on preparations for the event O'Sullivan said: "MEEDMEED is delighted with the response to this Forum at a time of great opportunity and development potential for the Sultanate and to have sourced, with our strategic partner PAIPED, top quality speakers to provide detailed information and analysis about the major projects in Oman." "MEEDMEED Projects estimate that there are currently more than RO 5 billion ($13 billion) of projects planned for Oman in a broad range of sectors that include transport, petrochemicals and utilities.

It is clear that there is a mood of confidence in Oman that is set to make it one of the fastest growing regions in the Gulf and the Middle East in the coming years."

"Together with PAIPED we are confident that the Oman Investment Forum 2011 can provide an excellent platform for debate and discussion and allow the public and private sector to come even closer together to work together on projects that build and create long term prosperity and employment in Oman."

O'Sullivan added that they have been delighted by the response to the conference and the number of senior officials and business leaders who have agreed to both speak at and sponsor the conference.

MEEDMEED's strategic conference partner PAIPED is playing a key role in encouraging increasing inward investment to Oman and helping Omani-based business to expand their export business to the GCC, wider Middle East and around the world.

The first two days of the Forum will be dedicated to a conference environment with the third day comprising a post-conference MasterClass that will be aimed at examining the legal and regulatory issues surrounding each key business sectors discussed over the two-day conference.

Partners and sponsors of the Oman Investment Forum 2011 to date include Oman Chamber of Commerce and Industry, Ahli Bank, Omantel, Bentley Systems International, Haya Water, Hill International and National Bank of Oman.

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