05/09/2021

Tasnee Participates in the Ministry of Investment’s Delegation to Oman

Tasnee participated in the visit of a high-level Saudi delegation to the Sultanate of Oman headed by His Excellency the Minister of Investment, Eng. Khalid Bin Abdulaziz Al-Falih, with the participation of a number of government officials and a number of leaders in the private sector, leading companies and senior Saudi businessmen, to participate in the Omani-Saudi Investment Forum, within the National Companies Leadership Program under the umbrella of the Ministry of Investment, where Tasnee was represented in the delegation by Eng. Fahad Al-Subaie, General Manager, Chemicals Business Unit.

The forum began with a speech by His Excellency Qais bin Mohammed Al Yousef, Omani Minister of Commerce, Industry and Investment Promotion; He stated that the attractive competitive elements, the motivating investment environment and promising projects confirm that the opportunity is ripe for businessmen and investors from the Kingdom of Saudi Arabia to initiate their investments in the Sultanate of Oman and enter into partnerships with their Omani counterparts. He stressed that the ministry welcomes the provision of all facilities and services to all Saudi investors, stressing that the Saudi investor enjoys the same treatment as the Omani investor, and that the government is keen to provide all aspects of support and cooperation in order to accelerate the pace of investment and commercial activity between the two brotherly countries.

For his part, His Excellency Eng. Khalid bin Abdulaziz Al-Falih, Saudi Minister of Investment, said that holding this forum comes as part of the joint efforts to explore, develop and enhance mutual investment opportunities between the two countries, explaining that the “Saudi Vision 2030” and “Omani Vision 2040” provided a large space to provide lots of qualitative joint significant investment opportunities that take advantage of the strategic advantages of the two countries. He added that the two countries are rich in promising investment opportunities that provide a fertile ground for establishing various investment partnerships between the Saudi and Omani business sectors, noting that the volume of targeted investments within the framework of the "Kingdom 2030" vision amounts to 12 trillion Saudi riyals, and in return the "Oman 2040" vision is rich in ambitious targets, including raising the percentage of foreign investments to the GDP to 10% and raising the percentage of the non-oil sectors’ contribution to the GDP to more than 90%.

Eng. Fahad Al-Subaie pointed out the similarity of many goals between the Saudi Vision 2030 and Omani Vision 2040, in addition to the great convergence between many indicators in the two visions and that the participation of Tasnee in the Saudi delegate to the Sultanate came to explore the available investment opportunities that could benefit the company, thanks to the geographical advantages of Oman and the Duqm Industrial Area in particular, the availability of energy sources and its proximity to global markets.