Oman: China and India stand out as next outdoor investment spots

The Omani government has identified China and India as the right places to invest in the near future, reports say.

The Sultanate is looking for foreign markets to reduce its dependence on regional market, in reference to the Gulf market and promote growth.

The move according to BMI is to sustain the Gulf country’s independence and neutral stance in the region.

China and Indian have been identified as suitable markets even though the Sultanate also eyes Iran for investment.

The choice of these two countries is motivated by the country’s geographical position; edge of the Gulf, alongside with close trade ties with India and China.

Trade and cooperation ties with China are already very pronounced. Beijing is also markedly present in Oman.

China in 2016 said it would invest $10 .7 billion in building a new industrial city in Oman.

Chinese extractive companies are active in the Gulf country.

Short URL: http://me-confidential.com/?p=17156

Posted by on Oct 3 2017. Filed under Gulf News, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Recently Commented

  • Badia Ouadi: What about the 20/20 vision for tourism which HRH has endorsed Himself? There are hundreds of western...
  • Achraf: Wise words from a wise king. And dont forget to work hand in hand. Stability Will be à important factor
  • Mehmet: Erdogan and the Turkish government become more pathetic and miserable and unrealistic day by day.
  • Telh: Israel should take a leaf out of their book.
  • Gemma: Well on this task Jordan gets a big fat F! We need to find a more competent custodian before Al Aqsa is lost...