Oman Joins World Association of Investment Promotion Agencies
The Sultanate of Oman has significantly enhanced its global investment profile by joining the World Association of Investment Promotion Agencies (WAIPA). This strategic move underscores Oman's commitment to attracting foreign direct investment and fostering economic growth.
During a meeting in Geneva, Oman's Permanent Representative to the United Nations and International Organizations, Idris Abdul Rahman Al Khanjari, and WAIPA's CEO and Executive Director, Ismail Ersahin, discussed potential avenues for collaboration.
The focus was on promoting Oman as an attractive investment destination, leveraging WAIPA's extensive network and resources, and exploring the possibility of Oman hosting the prestigious 2025 World Investment Conference.
Al Khanjari emphasized the strategic importance of Oman's membership in WAIPA, highlighting the country's recent efforts to modernize its foreign investment framework.
He emphasized that joining the Association and other economic organizations in Geneva would facilitate increased market access for Omani businesses and attract international investors to the Sultanate.
Oman's unique investment proposition is bolstered by its strategic location, world-class infrastructure, and favorable investment climate. The country's proximity to major global markets, coupled with its modern ports, free economic zones, and industrial parks, creates a compelling environment for foreign investors.
WAIPA's Executive Director expressed the Association's dedication to supporting its members in attracting high-quality investments and fostering effective communication among different investment promotion agencies.
Through knowledge sharing, best practices exchange, and capacity building initiatives, WAIPA aims to empower its members to compete effectively in the global investment landscape.
Oman's accession to WAIPA marks a significant milestone in its economic development journey.
By leveraging the Association's expertise and network, Oman can further enhance its investment attractiveness, attract sustainable foreign capital, and position itself as a leading investment destination in the region.
