Spain and Oman deepen their relations in investment and trade

 

The Spanish Minister of Industry and Tourism, Jordi HereuHe emphasized that the current moment is a "a historic opportunity to strengthen their economic partnership" for both countries. The minister emphasized the convergence of priorities Between Madrid and Muscat: "Our governments share priorities: Diversify the economy, invest in clean energy, boost the technology industry, and promote sustainable, high-quality tourism.Hereu highlighted key areas for cooperation, including the electric mobility, the Water management and smart infrastructures, stating that "Understanding between nations is not built solely on treaties, but on trust, dialogue and shared vision".

 

For his part, the Omani Minister of Trade, Industry and Investment Promotion, Qais bin Mohammed Al-Yousef, confirmed the strengthening of ties, mentioning the presence of Spanish companies “It has grown by up to 14% in recent years with an investment exceeding 200 million euros”Furthermore, Al-Yousef made a direct appeal to the SMEs and startups españolas, assuring that Omani financial support is available, including a fund of 4,5 million for this business segment.

 

Oman is reaffirming itself as a strategic investment opportunity for Spanish companies, emerging as a commercial hub key between Europe, Africa and Asia

 

Oman, a Hub Strategic and Trade Agreement

 

The Secretary of State for Commerce, Amparo López SenovillaHe highlighted the dynamism of the Spanish economy and the capacity of its companies to be "strategic partners" in international development, especially in sectors such as infrastructure, renewable energy and digitalization"We want Spanish companies to continue being protagonists in the construction of an economic relationship solid, modern and mutually beneficial between both countries,” López Senovilla noted.

 

From the business perspective, Joseph Louis BonetThe president of the Spanish Chamber of Commerce highlighted the "strategic position" Oman's position in the Gulf and its political and economic stability, which consolidate it as a "relevant partner"Although trade is still "relatively modest", Spanish companies have strengthened their presence in the Sultanate in projects of infrastructure, desalination and gas.

 

The meeting also served as a framework for the signing of a Memorandum of Understanding between the Spanish Chamber of Commerce and the Chamber of Commerce and Industry of Oman, with the aim of to promote stronger economic and trade relationsThis agreement will seek to facilitate business opportunities. exchange of technical knowledge and the promotion of investments.

 

Julian NunezThe CEOE vice president praised the economic modernization process under the Oman Vision 2040, Highlighting the complementarity of both economies, a scenario "favorable for the implementation of joint projectsFor his part, the president of the Omani Chamber of Commerce, Sheikh Faisal bin Abdullah Al-Rawas, considered that this forum "It opens a new chapter of cooperation and joint development.".

 

Oman reaffirms itself as a strategic investment opportunity for Spanish companies, emerging as a commercial hub key between Europe and Africa and Asia, thanks to its location and an ecosystem of highly competitive tax and regulatory incentivesThe sectors with greater potential include the renewable energy, the port logistics, the digital technology and the sustainable tourism.