SINGAPORE: Led by Mustafa bin Ahmed Salman, a key figure within Oman’s business landscape and Chairman of the Chamber’s Finance and Insurance Committee, the delegation is keen on exploring lucrative trade and investment avenues between Oman and Singapore. 

The delegation’s agenda encompasses many objectives, including exploring lucrative trade and investment prospects, tapping into Singapore’s commercial acumen, and harnessing opportunities in agricultural industrialization, trade technology, food security, urban planning, finance, and more. This initiative follows a series of economic agreements signed during His Majesty Sultan Haitham bin Tarik’s state visit to Singapore in December 2023, signifying a deepening commitment to bilateral economic collaboration.

Mustafa bin Ahmed Salman, the delegation’s head, highlighted the visit’s strategic focus on understanding the latest advancements in key sectors such as real estate development, attracting new investments to Oman, and engaging entrepreneurs and small-to-medium enterprises (SMEs) through the “Share with Us to Promote” initiative. This initiative aims to expose SMEs to global markets, facilitate knowledge exchange, and foster partnerships with international companies.

As of 2023, the trade volume between Oman and Singapore amounted to approximately 767.6 million Omani riyals, underlining the substantial economic ties between the two nations. With 24 Singaporean companies already operating in Oman and investments exceeding 55 million Omani riyals, there is a solid foundation for further collaboration and growth opportunities.

The delegation comprises 25 members, including representatives from sectoral committees, SMEs, health, education, innovation, real estate, transportation, digital economy, and women business owners.