Arab investment forum starts in Muscat

MUSCAT, April 1 (Xinhua) -- The Arab Investment Forum and Exhibition kicked off on Monday at Oman Convention and Exhibition Center to advance the national economy through attracting major investments.

Organised by the Public Establishment for Industrial Estates (Madayn), in cooperation with Abu El Saud Global Business, the event attracted around 300 business owners from Oman, other Arab countries as well as Asian and European countries.

The CEO of Madayn Hilal bin Hamad Al Hasani said that Oman has emerged as one of the major investment destinations in various sectors in recent years.

"This is a result of the efforts undertaken by the public and private sectors as Oman has witnessed significant development in transport and logistics fields thanks to the ports, airports and roads that have been implemented in accordance to the international standards," he said.

In addition, Oman owns a number of major economic zones, including Duqm Special Economic Zone Authority, Sohar Port and Freezone, Salalah Free Zone, he added.

The two-day forum will discuss several topics, including Oman 2040 Vision Future, the investment in the industrial zones in Oman, the facilities provided by the government and so on.