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  Economics
Oman Economic Forum 2012 kicks off
22/04/2012 | LOC11:31
08:31 GMT
| Gulf News
تصغير الخطالشكل الأساسيتكبير الخط
MUSCAT, April 22 (KUNA) -- Oman Economic Forum 2012 kicked off here on Sunday, organized by the Ministry of Commerce and Industry in coordination with Oman Chamber of Commerce and Industry and the Economy and Business Group, titled "enhancement of national resources" under the auspices of the representative of Sultan Qabood, As'ad bin Tarik bin Taimur Al Said.
Ministry of Commerce and Industry advisor Mehsin Al-Blooshi in remarks to the press following the opening, said that more than 500 participants including investors, businessmen, senior officials in oil, energy, commerce, industry and banking sectors, chairmen of international companies, presidents of Islamic and commercial banks and heads of economic and financial institutions would participate in the forum.
Former Lebanese and British premiers Fouad Al Sanyoura and Tony Blair, and the Director-General for Economy and Business Group, Mr. Raouf Abou Zaki would also take part in the event.
Al-Blooshi said that the third session of the Oman Economic Forum comes in an economic atmosphere different than that in 2011, considering the European sovereign debt crisis, rising oil prices, and the political reforms in the Middle East and North African, leaving a huge effect on the global economy.
Oman exerted serious efforts to reduce the impact of the Global Financial Crisis (GFC), and the European sovereign debt crisis in specific on its economy, considering that the Omani economy recorded positive growth in 2011, he affirmed.
He is looking forward to the participation of investors from Oman, Arab nations in the Omani economy.
The forum will discuss a number of issues including providing investments for new projects and infrastructure development plans, in addition to allowing the private sectors to take part in such projects he said.
The forum would also look at the investment opportunities in the sectors of energy, alternative energy and water, as well as development of ports and free trade zones, he added.
In addition to tackling the Omani 2020 economic vision, mean of increasing the Gross National Product (GNP), as well as the banking industry, financial markets, the reality of the banking industry in Oman, requirements of Basel III Conference 2012, prospects of Islamic banking in Oman, and the role of the financial market in funding new projects. (end) ahr.lb KUNA 221131 Apr 12NNNN
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