Following its grandstand ‘Oman Trade and Investment Forum’ in October 2010, celebrating the 40th Anniversary of the succession of H.M. Sultan Qaboos bin Said, the Middle East Association will be taking a British Trade Mission to Oman.
Oman and the UK have close ties in trade, finance and politics. In 2009, the UK exported £349 million in goods and £137 million in services, and UK trade with Oman has increased by 60% over the past five years. Demand for British expertise continues apace and British standards are widely accepted.
The Omani Economy grew 3.7% in 2009. Hydrocarbons currently account for around 40% of GDP, but Oman’s economic policy for the future is focusing on diversification, industrialisation, and privatisation. Central to this strategy are the port and industrial developments at Sohar, Salalah, and Duqm. Its strategic location on the Arabian peninsula remains a key asset.
British business opportunities in Oman include: Oil & Gas, Power, Construction, Transport, Defence, Telecommunications, Water Desalination, Petrochemicals, Pharmaceuticals, Tourism, Healthcare and Education.
Leading the Mission will be Charles Hollis and Feride Alp, MEA Director General and Marketing Manager respectively. The mission will overlap with a UKTI South East Mission and share attendance at official functions.