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Mon, 21 January 2019

Oman is Investing in its Ocean Economy, Inviting Ocean Industries and Investors to Oman, and Engaging the World Ocean Council to Assist in Ocean Sustainable Development

Contributed by WOC

The international “Ocean Economy and Future Technology” Conference will take place on 11-13 February 2019 in Muscat, Oman. This groundbreaking event for Oman will provide ocean businesses, investors and decision-makers with the information needed to foster investment and innovation for harnessing the Ocean Economy.

Oman is seeking ocean industry and investment partners to work with its commitment of substantial in-country investment capital to advance ocean sustainable development of the country’s ocean economic potential, and has engaged the World Ocean Council in its effort.

Oman’s investment community is organizing to commit significant funds to developing the country’s ocean economy, including from the State General Reserve Fund (SGRF), Oman Investment Fund (OIF), Innovation Development Oman (IDO), Oman Technology Fund (OTF), Oman National Investments Development Company S.A.O.C (Tanmia) and others.

Oman’s Ocean Economy development will target Fisheries, Aquaculture, Logistics/Shipping, Offshore Oil and Gas, Offshore Renewable Energy, and Marine Mining. Each of these sectors will be the focus of special sessions at the OEFT Conference. The conference will include workshops to develop the strategic priorities for each sector and consider specific projects in these themes, and the related business development, partners and investment needs to move forward.

Ocean industries and other stakeholders interested in being a part of the growth and sustainable development of Oman’s Ocean Economy are invited to participate in the conference and to become exhibitors at the OEFT. More information on OEFT Exhibitor opportunities is available at http://ifstd.om/.

The Ocean Economy and Future Technology Conference is designed to attract companies to establish ocean related-industry efforts in Oman via Joint Ventures as well as offer international companies to market and pitch their product/s in specialized Pitching Sessions. The conference also provides a B to B Matching option with local and international representatives attending the conference.

As a coastal nation with an extensive maritime history, coastline and EEZ, Oman seeks to develop its Ocean Economy as part of furthering economic diversification. The OEFT Conference is part of Oman’s implementation of the UN Sustainable Development Goal (SDG) 14, which seeks to conserve and sustainably use the oceans, seas and marine resources for sustainable development.

Oman provides a positive, stable investment environment, incentives and Free Zones, foreign ownership, a strategic location and modern infrastructure. These and other reasons why Oman is attractive for business opportunities and investment in the Ocean Economy are described here.

The World Ocean Council is honored to work with Oman to organize the OEFT and the follow up Ocean Economy efforts, in support of business development, investment and innovation to advance ocean sustainable development.

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