Oman joins World Association of Investment Promotion Agencies

Geneva: The Sultanate of Oman joined the World Association of Investment Promotion Agencies (WAIPA).

This took place when Idris Abdul Rahman Al Khanjari, Permanent Representative of the Sultanate of Oman to the United Nations and International Organisations in Geneva met on Wednesday in Geneva with Ismail Ersahin, CEO and Executive Director of WAIPA

During the ceremony, which was organized by the Permanent Mission of the Sultanate of Oman in Geneva, the two sides discussed ways to coordinate cooperation in view of promoting investment in the Sultanate of Oman and maximize the use of the Association's services and partnerships. The two parties also discussed the possibility of Oman hosting the 2025 World Investment Conference.

On this occasion, Al Khanjari said that Oman's accession to WAIPA is an important event. He also referred to the efforts made in this regard, namely the modernisation of the foreign investment system. He added that the main objective of joining the Association and the economic organisations in Geneva is to open the Omani market to international markets.

He noted that the Sultanate of Oman has a distinctive investment structure, including its strategic location and proximity to important global markets, as well as world-class infrastructure, including ports, free economic zones and industrial zones, making it an attractive destination for investments.

For his part, the Executive Director of WAIPA highlighted the main objective of the Association, which is to strengthen the capacities of its members to ensure that they attract quality investments to their countries and stimulate communication between different IPAs through the exchange of views and best practices from both governmental and private sectors.