MUSCAT : His Excellency Al Murshidi said Oman’s engagement in Africa is rooted in its historical legacy as one of the early trading nations in the region, noting that centuries of commercial exchange between Oman and Africa laid the foundation for today’s investment strategy.

He explained that Africa remains one of the richest regions globally in terms of natural resources, minerals, and tourism potential, in addition to its expanding economic opportunities and growing markets.

The OIA president noted that several companies have successfully operated in African markets for decades, delivering sustainable returns, adding that Oman’s approach is based on studying successful business models and adapting them to different national contexts.

His Excellency Al Murshidi acknowledged that early investments were not without challenges, but said that over time, improved understanding and stronger partnerships led to faster execution and more effective collaboration across multiple markets.

He added that Africa has now become a key destination for global investors, stressing that long-term advantage lies in early entry and the establishment of strong legal and commercial frameworks to safeguard investments, particularly in markets that may experience regulatory or economic fluctuations.

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