Muscat:The Inspire Oman Summit 2026 for investors took place today, organized in partnership with the Oman Chamber of Commerce and Industry (OCCI) and Mefriend under the theme "Where Vision Meets Investment." The event was held under the auspices of HH Sayyid Mohammed Salim Al Said and attended by Faisal Abdullah Al Rowas, Chairman of the Board of Directors of OCCI.
According to Oman News Agency, the summit aimed to showcase the successes of foreign investors in Oman, honoring those who have achieved success and are promoting investment opportunities in the country. Discussions at the summit focused on enhancing Oman's position as a desirable investment destination and transforming economic assets into projects that support diversification and elevate the private sector's role in development.
A significant outcome of the summit was the signing of a Memorandum of Understanding between "Hotpack" and "Sea Pride" companies in the packaging sector. Additionally, "Premium Global" Group announced a USD 10 million investment in a topping refinery and oil waste management project in the Special Economic Zone at Duqm. Other announcements included "E. M. Badrudeen and Partners" planning a new engineering and manufacturing facility, "Avenzo Pharma" investing in pharmaceutical manufacturing in Khazaen Economic City, and "Al Faddan" launching the "Bianca Luxury" project in the same city.
Faisal Abdullah Al Rowas emphasized the summit's role in fostering economic relations and partnerships, citing global economic transformations and advancements in technology as drivers for stable and competitive investment destinations like Oman. He highlighted Oman's commitment to economic diversification and regulatory development under "Oman Vision 2040," aimed at creating a supportive business environment.
Shri Prashant Pise, India's Ambassador to Oman, highlighted the strong economic ties between Oman and India, facilitated by historical trade relations and shared interests. He noted the Comprehensive Economic Partnership Agreement (CEPA) as an opportunity to enhance commercial and investment relations, enabling joint projects and market presence.
Abdul Latif Khunji, a board member of OCCI, described the summit as a platform for exchanging investment experiences and exploring opportunities across various sectors. He pointed to Oman's strategic location, infrastructure, and economic zones as key factors bolstering its investment attractiveness.
The summit included panel discussions on entrepreneurship, investment in the circular economy, energy efficiency, and environmental solutions. It also covered opportunities in fisheries and the role of artificial intelligence in business innovation, aiming to boost efficiency and competitiveness while exploring new growth avenues.