In celebration of Oman’s 40th anniversary this year, the Middle East Association is organizing a series of events focusing on Oman’s economy and on strengthening UK-Omani trade relations. The first of these events will be an Oman Business Briefing on 22nd March 2010 at Bury House, 33 Bury Street, London SW1Y 6AX.
Oman’s high oil revenues and good economic management meant that the country was not as adversely affected by the global economic crisis as others in the region. The banking sector proved resilient due to the strong regulatory framework and liquidity support. Although oil is still an important aspect of the economy, accounting for around 40% of GDP, Oman is also seeking to diversify, focusing on developing tourism, fisheries, shipping and the knowledge economy. Key developments have been the major port and industrial developments at Sohar, Salalah and Duqm, and a free zone is being developed.
Opportunities for UK businesses exist across all sectors, in particular:
- Oil & Gas
- Defence Equipment
- Education & Training
- Electrical/Industrial/Power-Generating Machinery
- Telecommunications & IT
- Manufacturing & Logistics
The Oman Business Briefing will be chaired by Martin Amison, Chairman of the Oman Britain Friendship Association (OBFA) Business Council. He will be joined by a panel of speakers who will focus on the following sectors: Construction, Oil & Gas, Tourism and Real Estate.
For more information on this event, please contact the Middle East Association.