Ithraa signs pact to boost funding in Oman

Muscat: A Memorandum of Understanding (MoU) was signed by the Public Authority for Investment Promotion and Export Development (Ithraa), Oman’s award-winning inward investment and export development agency with Ernst & Young yesterday.
Under the MoU, the two parties will collaborate on inward investment matters and publish a “Doing Business in Oman” guide.
“We’re thrilled to be signing this agreement and collaborating with Ernst & Young, an industry leader and consulting giant,” said His Highness Sayyid Faisal bin Turki Al Said, Ithraa’s Director General of Investment Promotion.
The Ithraa Director General added: “We are confident this strategic arrangement will strengthen Ithraa’s work in promoting Oman’s offer as a great place to live, work and invest”.
Oman’s success over the last ten years has seen it take its place on the world stage as a top GCC business location. With significant investment in airports, roads, free zones, industrial estates, technology parks and ports, the Sultanate’s status as an attractive and competitive business location continues to rise.
Companies relocating to Oman are finding modern infrastructure, a young, ambitious, educated and multilingual talent pool, world-class accessibility to growing GCC, Asian and African markets and a diverse range of affordable business and residential property.
“Team Ithraa is committed to attracting investment to the Sultanate and promoting Oman-made goods internationally. We take great pride in the information and services we offer multinationals, SMEs and start-up entrepreneurs looking to invest in and export from Oman. We are a future-focused and ambitious country that is continuing to develop as a centre of international significance where both business and residents can prosper and thrive,” remarked Sayyid Faisal.
“In partnership with Ernst & Young, the goal is to produce an indispensable guide for entrepreneurs and businesses looking to relocate and do business in Oman. It will contain comprehensive and up-to-date information on everything from business structures, company registration, licenses and permissions through to free trade agreements,” concluded Sayyid Faisal.