finance & economy

The Business Year renews collaboration with Oman’s Chamber of Commerce and Industry

September 30, 2021

Muscat: The Business Year, a global media group that has been providing investors, businesses, and governments with first-hand insights into the world’s most dynamic markets for over a decade, recently sat down with Eng. Redha bin Jumah Al Saleh, Chairman of the Oman Chamber of Commerce and Industry (OCCI).

Al Saleh discussed the role of OCCI in mitigating the consequences of the COVID-19 pandemic for businesses in Oman, the prospects of the private sector in the current environment, and the path to Oman Vision 2040.

TBY’s team, led by Elena Barreiro, TBY Regional Director for Oman, Andrea Tsiachtsiri, TBY Country Director for Oman, and Gergana Georgieva, TBY Country Editor for Oman, illustrated the goals of The Business Year: Oman 2021.

The project, supported by The Ministry of Commerce, Industry and Investment Promotion, will have a special focus on Oman Vision 2040 and the steps Oman is taking toward a more sustainable future. With regard to the OCCI’s commitment to Vision 2040, Al Saleh underlined that the Chamber is laser focused on achieving sustainable economic development across the country via modern methods, including the effective representation of the private sector and the creation of an active business community.

Radical transformation
The strategy is based on working to crystallise the Chamber’s role and bring about a radical transformation in its strategies in line with Vision 2040, and striving toward financial sustainability for the Chamber in view of economic crises. The Chamber also aims to boost international trade links as well as benefit from the partnerships and cooperation agreements signed between the Chamber and international bodies, organisations, and other chambers of commerce.

The strategy is based on working to crystallise the Chamber’s role and bring about a radical transformation in its working strategies in line with the course of achieving the future Vision 2040, and striving toward achieving financial sustainability for the Chamber in view of economic crises, and finding a mechanism for how to deal with it, in addition to strengthening trade links with the outside world through benefiting from the partnerships and cooperation agreements signed between the Chamber and international bodies, organisations and chambers of commerce, and diversifying the tools of participation with the private sector based on innovation and creativity in services, activities, and events that contribute to its development and serving all companies, institutions, and associates of the Chamber.

Earlier this month, the Ministry of Economy (MoE) released the “Strategic Programmes Folder” for the 10th Five-Year Development Plan 2021-2025, which emphasises the main strategic programs and policies of Oman Vision 2040 and covers all areas relevant for a sustainable future.

Six priorities and 165 strategic programmes were outlined under the Economy and Development theme to ensure a long-term vision and medium-term development.

It will focus on generating a more attractive business climate, enabling foreign investment via a competitive economy at the local and global level, and creating new job opportunities for Omanis.

First-hand research
TBY’s first-hand research reaches key international investors and members of the global business community, targeting international financial institutions, international corporations, investors, accountancy firms, industrial conglomerates, and governmental organisations.
The Business Year: Oman 2021 will feature more than 150 interviews with leaders from all major sectors of the economy, including, finance, energy, agriculture, industry, logistics, ICT, health and education, tourism, and others.

The Business Year: Oman 2021 will be distributed extensively, both domestically and globally, and will reach an even larger audience via TBY’s powerful network of digital platforms.

Once the edition is published in 4Q2021, all interviews and content will be also available on key business information platforms including Bloomberg Terminal, Refinitiv Eikon, Dow Jones Factiva, and FactSet, as well as on PressReader, Google Books, and at thebusinessyear.com.

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