Oman, Bahrain establish joint investment company
The Oman Chamber of Commerce and Industry (OCCI) and the Bahrain Chamber of Commerce and Industry (BCCI) held a coordination meeting in Muscat on Monday to finalise procedures for the establishment of the Oman-bahrain Investment Company.
Oman-bahrain Investment Company is a joint venture between the two countries aimed at identifying and developing projects with the private sector in both Oman and Bahrain.
The meeting between officials of OCCI and BCCI reviewed the mechanisms for registering and announcing the company in accordance with the regulations and laws of the relevant authorities. They also explored available investment opportunities in the sectors initially agreed upon, particularly food security and logistics, to be launched in Oman.
Discussions focused on the most economically viable sectors for the company, in line with the development goals of both countries. The meeting emphasised the importance of empowering the private sector and reviewed the process for conducting feasibility studies on available investment opportunities in the market.
Both sides highlighted the urgency of accelerating the necessary steps to ensure the company can begin its operations promptly. The meeting also addressed the role of the private sector in Oman and Bahrain in contributing to the company after its establishment.
Several presentations were made during the meeting, showcasing investment opportunities in the food security sector and profitable options within companies listed on the Muscat Stock Exchange.