Single country exhibitions help boost Oman economy

Single country exhibitions help attract foreign investments to the Sultanate, a senior Ministry of Commerce and Industry official has said.

Pointing out that four single country exhibitions were organised in the Sultanate in 2016, Awad bin Said Al Alawi, Director of Commercial Affairs at the Ministry of Commerce and Industry said that such exhibitions seek to attract foreign investments to the Sultanate by introducing the Omani market to foreign investors 

The four single country exhibitions organised in 2016 included the Iranian Exhibition, the Thai Product Exhibition, the Indian House Exhibition and the Lebanese Products Exhibition.

The Ministry of Commerce and Industry attaches a great care to the exhibition sector, which plays a key role in the growth of the Omani economy in the future.

It is also an important element in the transfer of information and dissemination of knowledge and professional practices.

It also contributes to enhancing reciprocal trade, building understanding and exchange of culture.

The sector has also tourism, cultural, knowledge, social and political impact.

Single-country exhibitions are among the six types of exhibitions regularised by the Organisation and Management of Exhibition Regulation issued by the Ministerial Decision No.77/2011 amended by the Ministerial Decision No.474/2014.

The Director of Commercial Affairs at the Ministry of Commerce and Industry said that the single country exhibitions seek to attract foreign investments to the Sultanate by introducing the Omani market to foreign investors and enhancing reciprocal trade with various countries of the world.

It also develops the competitiveness of the SMEs by giving them an idea on the services and goods available in the various countries of the world.

Besides, it encourages setting up some industrial projects, imparting of knowledge, innovation and technology, benefiting from the experiences of other countries in educational, medical, cultural, technical, legal fields, as well as in attracting foreign investment. All these will contribute to the development of the different sectors, enhancing the growth of national economy and cementing relations with various countries of the world.

Source :Times Of Oman