Post by : Mumtaaz
Qadiri
A meeting called "Safe Investment Environment" was held today in Salalah, a city in Dhofar Governorate, Oman. The goal of this meeting was to talk about ways to make the business and investment environment in Oman safer and more attractive.
The meeting was organized by the Public Prosecution and the Oman Chamber of Commerce and Industry (OCCI). These two groups joined hands to help improve the country’s business environment and support fair practices.
Aim of the Meeting
The main purpose of the meeting was to help create an investment climate where businesses can grow safely. This means following clear rules, being honest, and making sure everyone understands their legal responsibilities.
The meeting also focused on the importance of teamwork between government institutions and private businesses to build trust and reduce illegal business practices.
Who Attended the Meeting?
The meeting was attended by many important people. These included government ministers, officials, investors, business owners, and company representatives. Members of the Oman Chamber of Commerce and Industry’s Board of Directors were also there.
Also attending were people who are interested in legal and economic issues. Their presence showed that there is strong interest in improving Oman’s business sector.
Public Prosecutor Shares His Views
Nasr Khamis Al Sawai, the Public Prosecutor, gave an important speech. He said that the Public Prosecution wants to work more closely with national institutions to teach businesses about the law.
He explained that if private companies know more about legal rules, they will be able to avoid problems. This helps protect the business environment from illegal actions, which is good for justice and good for the economy.
Importance of Legal Awareness
Al Sawai stressed that spreading legal awareness is very important. Many people may not know the full details of laws that affect businesses. By educating them, the government hopes to stop illegal activities like fraud, corruption, or money laundering.
He also said that when businesses follow the law, the entire country becomes a better place for investors, and this brings more growth and jobs.
OCCI Chairman’s Remarks on Investment Environment
Faisal Abdullah Al Rowas, Chairman of the Oman Chamber of Commerce and Industry, said the meeting was part of a bigger plan. This plan aims to support investment by making the legal environment more friendly for business.
He explained that Oman wants to attract both local and foreign investors, and to do that, the legal system must be clear and fair. Investors must feel that their money and business interests are safe.
Dhofar Has Great Investment Potential
Naif Hamed Fadhil, who is the head of the Chamber’s branch in Dhofar, also gave a speech. He said that Dhofar has many business opportunities. These include tourism, agriculture, fishing, and logistics.
He said this meeting gives the local business community a chance to talk directly with officials about how to improve investment in the region. He believes that with proper support, Dhofar can become a major center for investment.
Presentation on Business Laws
The meeting included a presentation by Assistant Public Prosecutor Khalfan Said Al Maawali. He talked about important laws that businesses must follow.
He explained the Commercial Companies Law, which tells companies how they should be formed and managed. He also talked about the Anti-Money Laundering Law and Terrorism Financing Law, which protect the country from illegal financial activities.
Focus on Compliance
Al Maawali explained that companies must follow certain steps to stay legal. This is called compliance. When companies are compliant, they avoid trouble and also build a better reputation.
He gave useful tips on what companies should do to follow the law. This information was helpful to the business owners and company leaders who attended the meeting.
Dialogue Session for Open Discussion
One of the most important parts of the meeting was the dialogue session. In this session, the Public Prosecutor and the OCCI Chairman answered questions from the audience.
They talked about problems the private sector faces when dealing with the law. Business owners shared their concerns, and the officials gave practical advice and listened carefully.
Legal Challenges and Solutions
The session discussed challenges such as unclear legal procedures, delays in approvals, and lack of knowledge among small business owners. Officials promised to look into these issues and come up with solutions.
Everyone agreed that the goal is to make laws easier to understand and to ensure that government systems support business growth instead of holding it back.
Part of Oman Vision 2040
This meeting is not a one-time event. It is part of Oman Vision 2040, which is the country’s plan to develop its economy and support the private sector.
The vision includes goals like increasing private sector jobs, improving government services, and making Oman a top place for international investment. Meetings like this are important steps toward reaching these goals.
Strengthening Public-Private Partnership
The event also highlighted the value of public-private partnerships. This means that government bodies and private companies should work together more often.
When they work together, it becomes easier to solve problems, improve laws, and build an economy that benefits everyone—from small shop owners to large companies.
Benefits for the Business Community
By promoting transparency, fairness, and good governance, Oman wants to create a strong and secure place for doing business. A better legal system also means fewer risks for investors.
This will help build confidence among foreign investors and encourage them to bring their businesses and money to Oman.
Future Plans
Oman plans to hold more meetings like this in the future. These will continue to focus on improving the legal environment, increasing investment, and growing the private sector.
Government officials said they are committed to listening to business owners and making changes that will support economic growth.
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