Vice Presidents of the Chamber Vladimir Padalko and Dmitry Kurochkin met on September 25 with a delegation from the Sultanate of Oman, which presented Russian entrepreneurs with the investment potential.

A delegation from the Ministry of Trade, Industry and Investment Promotion of Oman is in Moscow to present the National Investment and Export Development Program of the Sultanate of Oman “Nazdahir” and hold a number of working meetings with large Russian companies.

In his speech, Vladimir Padalko noted the great interest in cooperation with Oman and called the Chamber’s task “to popularize projects in Russia that can be done with Oman.” V. Padalko especially emphasized the importance of cooperation with Russian regions, which have unique capabilities.

Vice President of the Russian Chamber of Commerce and Industry Dmitry Kurochkin spoke about the Russian side’s readiness to invest in tourism and real estate. “We are preparing projects that would be interesting for Oman,” he said, noting the great work in this direction done at the Russia-Islamic World Summit held in Kazan.

In their presentation, representatives of the Sultanate of Oman noted that their country has a strong financial foundation, resistant to unfavorable economic conditions and geopolitical risks, strong diplomatic and trade relations at the regional and international levels. This country represents one of the most reliable financial systems in the Middle East.

According to visitors, the Sultanate of Oman has a history of remaining strong and resilient, always managing to offset the negative economic impact of global downturns such as the recent pandemic, events in Ukraine and the Great Recession. According to the World Bank, the Sultanate of Oman is one of the most politically stable economies in the Middle East, ranking 3rd.

The presentation stated that the Sultanate of Oman has a variety of world-class logistics and infrastructure, which play a vital role in increasing business efficiency, expanding trade flows and reducing transportation costs. Oman has an extensive road network of more than 11,000 km, connecting all major cities in the country and neighboring countries. Strategically located commercial ports operated by world renowned companies. Oman has 5 commercial ports: 3 maritime and 2 industrial, and there are also airports with a wide network of routes around the world. There are only 5 international and domestic airports in Oman.

Alexey Rubtsov, Chairman of the Russian-Oman Business Council, Deputy General Director for Project Management and Investments of VO Promsyreimport JSC, spoke to the participants of the extended meeting of the Russian-Oman Business Council (ROBC), who presented the areas of greatest interest for cooperation with Russia.

Alexey Rubtsov, in his speech, focused on the prospects for the development of domestic projects in Oman, as well as expanding the practice of systematically conducting online consultations with representatives of the Ministry of Industry and Investment, Omani entrepreneurs in specific industries. It is advisable to organize such online conferences with interested company representatives together with the Ministry of Economic Development of the Russian Federation and the Russian Export Center with the support of the Chamber of Commerce and Industry of the Russian Federation.

Holding extended conferences will make it possible to most fully inform domestic business about the conditions provided by the Sultanate of Oman, and to form a pool of projects on the Russian side for their practical implementation, taking into account the availability of various incentive programs in the Sultanate, including Nazdahir.

The Russian-Omani Business Council (ROBC) was created on August 31, 2005. In September 2022, Alexey Rubtsov became Chairman of the Russian-Oman Business Council.

The meeting was attended by the Ambassador of the Sultanate of Oman to the Russian Federation Hamud Salim Al Tuwaikh, the President of the National Investment and Export Development Program of the Sultanate of Oman Khalid Al Shuaibi, the head of the investment direction of the Ministry of Trade, Industry and Investment Promotion Khadija Al Sakatari and others.

Press Service of the Chamber, By Peter Cheremushkin