The Government of Oman has given an open invitation to Pakistani investors to invest in Oman. Pakistan can invest in five sectors of the country including, mining, logistics, tourism, food security and industrial growth. According to the Oman Chamber of Commerce and Industry (OCCI) chairman Redha Jumma Mohammad Ali-Al Saleh, Oman is open for foreign investment. The new investors will now set up their businesses in Oman with 100 per cent capital. The country is providing tax holidays for up to five years. Also, no tax applies to new investors like Pakistan who are interested in starting businesses, with an availability of advanced infrastructure facilities and other benefits, including tax exemptions on equipment for establishing industrial projects. This initiative will increase regional cooperation and connectivity and enhance international trade.
Recently, Pakistan has also invited Omani investors to invest in different sectors such as fisheries, water, construction, and food processing. The incumbent government has also created an investment department to eradicate hardships of the investment process to facilitate and guide investors. Currently, Oman has started a naval exercise with the Pakistan navy, including surface and air units and special operations forces. The naval exercise comprises counterterrorism, anti-air and anti-surface warfare operations with an overall aim to curb illicit activities at sea.
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