São Paulo – Oman’s ambassador Amad Hammod Salim Abri (pictured, C) and Chamber of Commerce and Industry directors Fallah Ahmed Al-Ruqaishi (4th from the L) and Rashid Amir Mohammed Al Musalhi (2nd from the L) have visited the Arab Brazilian Chamber of Commerce this Thursday (23). Last Wednesday (22), they participated in a meeting with the Chamber’s board.
The group was welcomed by Arab Chamber secretary-general Tamer Mansour (L) and Relations executive Islam Shaheen (R). In an interview with ANBA, the executives said that they intend to prospect Oman-Brazil reciprocal investment opportunities as well as carrying out joint activities between both chambers.
Brazil’s industries the sultanate is interested in investing in including processing industry, tourism, logistics, food security, energy, agriculture, livestock, and pisciculture. On the other hand, the executives stressed that one appeal for Brazilians to invest in Oman is its strategic location. Other strengths they mentioned are the country’s political stability and port and airport infrastructure. Brazilian mining company Vale has a iron ore pelletizing plant, storage facilities and a sea terminal at the Omani port of Sohar.
Al Musalhi also pointed out the country’s new laws to stimulate foreign investment. One allows foreigners to own the entirety of a plot, other addresses privatizations, and the last one public-private partnerships. The executives also mentioned as their country’s appeals the free zones that have had tax exemption for 20 years.
They were invited to participate in 2020 Brazil-Arab Countries Economic Forum the Arab Chamber will hold on the April 14th in São Paulo. The possibility to create a Brazil-Oman businesspeople council was brought up.
Another topic discussed during the visit was the reactivation of a memorandum signed between Brazilian and Omani Chamber. The agreement addresses the promotion of new activities, more joint programs, business missions and the launch of an expertise sharing platform.
Translated by Guilherme Miranda
