Economy, Domestic Economy

Oman Invited to Seize Ample Investment Opportunities

Oman Invited to Seize Ample Investment OpportunitiesOman Invited to Seize Ample Investment Opportunities

Iran offers ample investment opportunities for Omani entrepreneurs, as the country is gearing up to execute several projects in a wide range of industries, Iran’s ambassador to the sultanate said.

“Iran is ready for investment and the country plans to develop infrastructure projects, hotels and modern technology. We invite Oman to invest in Iran’s capital market (as well),” Omani newspaper Times of Oman quoted Ali Akbar Sibeveih as saying.

Sibeveih was addressing a roadshow in Muscat to discuss opportunities created by the reopening of the Iranian economy to foreign participation, as well as an in-depth discussion of Iran’s capital markets.

Describing Iran’s low foreign debt as an attraction for those who plan to invest there, he said, “Our foreign debt stands at less than two per cent of the country’s gross domestic product.”

Iran, which holds the world’s fourth largest oil reserves and the largest reserves of natural gas, has successfully privatized several state-owned companies and investors can either directly discuss with the government or acquire shares from the stock market. As many as 500 companies are listed on Iran’s stock markets.

Iran protects foreign investors and their investments from political risks. In fact, It is party to 60 bilateral treaties, which help protect the interest of foreign investors.

A high-level delegation from Oman, including Foreign Minister Yusef bin Alawi bin Abdullah, Minister of Commerce and Industry Ali bin Masoud Al Sunaidi and executive president of the Central Bank of Oman, Hamoud Sangour Al Zadjali, recently visited Tehran to strengthen bilateral relations.

Iran’s leading financial conglomerates and senior members of Iranian government bodies met over 150 international investors in Muscat on Wednesday to discuss inward investment opportunities across a range of Iranian sectors and industries.

The roadshow was hosted by Sina Financial and Investing Holding, Iran’s leading financial holding company, and included participants from Iran’s Ministry of Economic Affairs and Finance, Securities and Exchange Organization, Tehran Stock Exchange and Iran Fara Bourse.

Private sector participants included Sina Bank, Sina Insurance, Sina Leasing, Behgozin Brokerage Company and Magellan Capital.

Iran is the Middle East’s most diverse economy, with a well-established capital market, a developed industrial base and a large population of about 80 million.

There is significant and growing demand for corporate and consumer services such as telecommunications and banking. In 2014, Iran’s gross domestic product was approximately $437 billion, making it the world’s 18th largest economy.