Al Wusta Governorate is a promising investment destination in Oman, with its extensive coastline, natural resources, and moderate climate attracting attention from local and international ventures in various sectors such as oil, tourism, logistics, and fisheries. The Oman Chamber of Commerce and Industry (OCCI) branch in Al Wusta Governorate is actively working to create a favourable investment climate and enhance the business environment through various programs and initiatives. One of the upcoming events that will showcase the potential of the governorate is the fifth Duqm Forum, scheduled to take place on October 20, 2024, in Muscat, under the theme “The Blue Economy: The New Destination for Investment.”
Honourable Dr Salem bin Salim Al Junaibi, a prominent figure in the State Council and Chairman of the OCCI in Al Wusta Governorate, is spearheading efforts to promote investment in the region. The forum will focus on the blue economy, a vital sector within Oman’s national economic framework, with discussions revolving around investment strategies, opportunities in food security, logistics, tourism, and renewable energy, as well as global technologies and experiences that enhance blue economy investments. Dr Al Junaibi highlighted the strategic advantages of Al Wusta Governorate, including its location along the Arabian Sea and the Indian Ocean, providing access to Asian markets and positioning it as a significant maritime trade corridor and logistical hub for commercial ship manufacturing and maintenance.
The abundant fish resources in the region also offer promising investment opportunities in the fish processing, petrochemical, and refinery sectors. Dr Al Junaibi stressed that Al Wusta Governorate is well-positioned to become a leading destination for blue economy investments, supported by its diverse resources and strategic advantages. The forum will bring together experts, investors, and local and international companies specialised in the blue economy investment sector to explore the potential of investing in the governorate and discuss ways to further develop and capitalize on its unique advantages.
One of the key goals of the forum is to highlight the potential of the blue economy in Oman and attract international expertise and investment to drive growth and development in the region. With its strategic location, natural resources, and access to markets, Al Wusta Governorate has the opportunity to become a hub for blue economy investments, contributing to the overall economic prosperity of Oman. The OCCI’s efforts to promote investment in the governorate and create a conducive business environment are crucial in realising this potential and establishing Al Wusta Governorate as a prime investment destination in the country.
Investing in the blue economy is not only beneficial for the economic development of the region but also sustainable in the long run, as it relies on the responsible use of marine resources and innovative technologies to drive growth. By focusing on pillars and strategies for investment in the blue economy, exploring opportunities in various sectors, and learning from global experiences, the forum will provide valuable insights for investors and businesses looking to tap into the potential of the blue economy in Al Wusta Governorate. The collaboration between the OCCI, Ministry of Foreign Affairs, and the Public Authority for Economic Zones and Free Zones demonstrates a concerted effort to support and promote investment in the region, paving the way for a brighter future for Al Wusta Governorate.
