Saqqaf, Oman investment delegation talk cooperation

AMMAN — Minister of Investment Kholoud Saqqaf on Wednesday met with a delegation representing the Oman Investment Authority and a number of Omani companies working in the fields of telecommunications, food industries, logistics and ports.

The guest delegation is visiting the Kingdom to follow up on the outcomes of His Majesty King Abdullah's recent visit to Oman, especially pertaining to enhancing joint investment in various fields.

During the meeting, talks went over the untapped investment opportunities in the Kingdom, with Saqqaf inviting the Omani Investment Authority to start a company in Jordan, as investment laws allow for the Arab and foreign sovereign funds to establish one or more public shareholding companies to invest in development and investment rights.

Saqqaf also reviewed the ministry's efforts towards realising economic and development visions that aim at generating jobs, increasing growth, improving competitiveness and the business climate and highlighted key reforms that brought developments in the economic fields, including the amendments of laws and legislation governing the investment process.

The Oman Investment Authority, Oman's sovereign investment fund, aims to finance the state’s general budget, manage and develop the Sultanate’s funds and assets and achieve financial reserves. With assets estimated at $40 billion, the fund’s ventures reach more than 40 countries worldwide.