Tejarah Talks will be hosting an event on June 4th at the Oman Convention & Exhibition Centre focused on the economic and investment potential of sustainable ocean practices, titled “The Blue Economy: Making Waves.” This emerging sector has the potential to create thousands of jobs in various industries across Oman, contributing to long-term development. The panel discussion will be moderated by Jamal Al Asmi and feature industry experts such as Dr. Bashair Al Riyami and Badr Al Naabi, who will explore the economic value of oceans and the opportunities they present.
The oceans are estimated to generate up to $6 trillion in global revenues annually, supporting millions of jobs and facilitating a large portion of world trade. This economic value is projected to double by 2030, highlighting the significant opportunities for growth in the blue economy. The panel will also address the role of oceans in regulating the climate by absorbing carbon dioxide emissions and excess heat. Investment in sustainable maritime practices can drive economic benefits while also addressing climate change, making it a win-win situation for the economy and the environment.
The discussion will also focus on reducing greenhouse gas emissions from shipping and the implications of the United Nations High Seas Treaty for Oman’s maritime industry. The treaty emphasizes sustainable ocean management and encourages businesses to adopt environmentally friendly practices. Protecting our oceans is not only an environmental imperative but also an economic one, as the blue economy has the potential to create jobs, attract foreign investment, and ensure sustainable development for Oman’s youth.
Supported by various sponsors including Jindal Shadeed and Invest Oman Lounge, this edition of Tejarah Talks aims to provide insights into how the blue economy can attract investment and create jobs while safeguarding the health of ocean ecosystems. The event will be particularly relevant for businesses, policymakers, and stakeholders interested in the future of Oman’s maritime activities and their economic impact. By investing in ocean resources, Oman can secure a prosperous future, attract talent and foreign investment, and promote knowledge transfer in the maritime industry.
