The Oman Chamber of Commerce and Industry delegation recently visited the Republic of Singapore, resulting in positive outcomes. Members of the delegation signed initial agreements to enter into commercial projects and partnerships with Singaporean companies. The visit provided a firsthand experience of Singapore’s business environment, laws, procedures, and support mechanisms for small and medium enterprises. The delegation also explored commercial and investment opportunities across various sectors and learned from Singaporean experiences.
Engineer Hussein bin Abdul Hussein, a member of the OCCI Board of Directors, highlighted the importance of the visit in understanding the global economic significance of Singapore. As a gateway to the Association of East Asian Countries (ASEAN), Singapore offers great opportunities for Omani products to enter the market. During the visit, delegation members agreed to communicate with Singaporean companies for potential investments and knowledge sharing to facilitate the establishment of commercial projects.
Kaleem bin Mohammed Al-Yaqoubi, a member of the Finance and Insurance Committee at OCCI, emphasized the value of the visit in exploring opportunities in renewable energy, facilities management, building construction, and sustainability technologies. He expressed confidence that entering into commercial partnerships with Singaporean companies will strengthen trade relations between the two countries and enhance mutual investments in various sectors.
Chairman of the Board of Directors of Titronic Middle East, Khalid bin Abdullah Al Hosani, described the visit as positive and fruitful. He emphasized the potential for Omani products to enter the Singaporean market, considering that Singapore imports 90 percent of all products. Al Hosani called for the necessity of forming commercial partnerships with Singaporean counterparts to leverage their expertise and experience in various fields, especially for the benefit of small and medium enterprises.
Dr. Amjad bin Amer Al Dhahli, a member of the Digital Economy and Artificial Intelligence Committee at OCCI, highlighted the significant outcomes of the delegation’s visit to Singapore. The delegation gained insights into investment, commercial, and innovative experiences in industrial sectors, digital economy, artificial intelligence, logistics, SMEs, food security, and urban planning. Opportunities for industrial innovation, technological advancements in logistics and agriculture, and promoting renewable energy and environmental sustainability were identified.
Abdullah bin Mohammed bin Hassan Al Shehhi, CEO and founder of Arkan for Research, Development, and Innovation, underscored the importance of the visit in learning about the Singaporean commercial experience in various economic sectors, particularly in research, development, innovation, and food security. Through meetings with government agencies, business support institutions, and company leaders in Singapore, the delegation explored investment opportunities, trade exchanges, and research and innovation services to enhance cooperation between the two countries.
Mohammed bin Hassan Al-Bahrani, a member of the Small and Medium Enterprises Committee at OCCI, noted that the visit focused on Singaporean expertise in entrepreneurship and diversified industries. By engaging with Singaporean companies in the field of industry and logistics, business owners have the opportunity to enter into investment projects and collaborations. The visit provided valuable insights and development ideas that are expected to have a positive impact on future projects and partnerships.
