Latest news with #QaisAlYousef
Times of Oman
42 minutes ago
- Business
- Times of Oman
Algerian President inaugurates Oman's pavilion at Algiers International Fair
Algiers: President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria inaugurated the Sultanate of Oman's pavilion as guest of honour at the 56th Algiers International Fair on Monday evening. The fair, which runs until 28 June, is being held at the Exhibition Palace in the Algerian capital. Accompanied by Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, the President toured the 900-square-metre Omani pavilion featuring participation from 60 Omani companies and institutions representing industrial, commercial and service sectors, along with several government entities. This participation reaffirms the distinguished fraternal and economic relations between Oman and Algeria, building on the foundations laid during the state visit of His Majesty Sultan Haitham bin Tarik to Algeria last May, which established a new phase of comprehensive cooperation between the two nations. The Omani companies at the pavilion represent diverse sectors including pharmaceuticals, transportation, electrical conversions, real estate, fisheries, tourism, food products, and handicrafts. Qais Al Yousef emphasised that Oman's participation as guest of honor came in response to an official invitation from the Algerian President, as confirmed in the joint communique during His Majesty the Sultan's visit. He noted the participation includes major, medium and small enterprises that will enhance trade opportunities between the two countries, with particular representation from pharmaceutical, construction materials, and food industries, along with dedicated sections for handicrafts and cultural displays. In his statement to Oman News Agency (ONA), Al Yousef highlighted that the Algiers International Fair, with participation from over 20 countries, provides an excellent platform to showcase Oman's commercial, investment and cultural offerings. He noted the Algerian President's appreciation for the diversity and quality of Omani industries displayed at the pavilion. Faisal Abdullah Al Rowas, Chairman of Oman Chamber of Commerce and Industry (OCCI), stated that this participation represents an important opportunity to strengthen Oman's external economic presence and reflects the depth of fraternal and economic relations between the two countries. He emphasized the growing role of Oman's private sector in international economic forums and its contribution to expanding trade and investment horizons between the two nations. In his remarks to ONA, he underlined the Chamber's commitment to active participation in international exhibitions to open new prospects for the private sector in building sustainable partnerships abroad while promoting Omani products. He pointed out that this participation will highlight the competitiveness of Omani products and enhance international investors' confidence in national capabilities and the growth potential of Omani institutions, while also providing opportunities to learn from successful experiences in the Algerian market. Meanwhile, Saif Nasser Al Badai, Ambassador of Oman to Algeria, stated that Oman's participation as guest of honour aims to explore trade and investment exchange opportunities between the two countries, and examine potential partnerships and export possibilities to the Algerian market and regional markets. In his statement to ONA, he noted that Oman's participation in the 56th Algiers International Fair will enhance its commercial and investment presence internationally while opening new horizons for Omani and Algerian private sectors to build sustainable partnerships supporting economic diversification and regional integration efforts. For his part, Eng. Dawood Salim Al Hadabi, CEO of the Public Establishment for Industrial Estates (Madayn) and Chairman of "OPEX" Committee for Omani Products Promotion, explained that the supervisory team's participation – represented by Madayn, the Ministry of Commerce, Industry and Investment Promotion, Oman Chamber of Commerce and Industry, and the Small and Medium Enterprises Development Authority – builds on the longstanding relations between Oman and Algeria. He added that this aligns with OPEX's plans to establish footholds for Omani products in the promising Algerian market of nearly 40 million consumers, while also accessing Mediterranean region markets through Algeria's strategic ports. These markets have growing demand for various products including consumer goods, plastic and aluminum products, and construction materials. Al Hadabi noted that the OPEX team aims through this participation to develop non-oil Omani exports and secure new markets as part of its annual plans, while facilitating deals for participating companies or securing distribution agencies for their products in Algeria and neighboring markets. Such participations play a vital role in achieving positive outcomes that increase production, generate job opportunities for Omanis, and ultimately boost the national economy. The Algiers International Fair stands as one of the most prominent international economic events, showcasing national economic development and production capabilities while enhancing commercial and professional exchanges through creating an environment conducive to partnerships and foreign direct investment across various sectors. The 2024 edition featured participation from about 700 national and foreign exhibitors from approximately 20 countries active in multiple sectors including manufacturing, food industries, construction, services, and petrochemical industries. The opening ceremony of Oman's pavilion was attended by representatives from various government and private entities and business leaders from both countries.
Times of Oman
a day ago
- Business
- Times of Oman
Shura Council to host Minister of Commerce, Industry and Investment Promotion
Muscat: The Shura Council will convene its 12th, 13th, and 14th regular sessions during the period from Tuesday to Thursday, 24–26 June 2025, as part of the second annual sitting of the Tenth Term (2023–2027). The sessions will include discussions on a number of draft laws, reports submitted by the Council's standing committees and working teams, in addition to the ministerial statement to be delivered by the Ministry of Commerce, Industry and Investment Promotion. In a statement, Ahmed bin Mohammed Al Nadabi, Secretary General of the Shura Council, explained that the Council will host Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, on Wednesday and Thursday, 25–26 June, to deliver his ministry's statement before the members of the Shura Council in a public session. The statement will be delivered in accordance with Article (69) of the Council of Oman Law, which stipulates that the Shura Council shall, at the beginning of each annual session, determine the programme of ministerial statements and their discussion points based on a joint proposal by the Bureau of the Council and the chairs of the standing committees. The programme is then submitted to the government, along with the key elements and themes each statement must include according to the topic or sector it addresses. According to the Secretary General, the ministerial statement will focus on six main themes, namely: the contribution of the commerce and industry sectors to the gross domestic product (GDP); the Ministry's vision for the future of the industrial sector; projects implemented during the period 2020–2023; the evaluation of free trade agreements and the 'Nazdaher' programme; the volume and trends of foreign direct investment; and the Ministry's future outlook. He added that the statement will present statistical analyses and performance indicators reflecting the current status of the commerce and industry sectors, while emphasising the importance of promoting investment by offering incentives and legislative facilitation, strengthening the legal framework, enhancing digital platforms, and supporting national initiatives such as 'Invest in Oman.' The statement will also evaluate the outcomes of economic agreements concluded with GCC countries and other international partners. The Council's 12th regular session, scheduled for Tuesday, 24 June, will be dedicated to discussing a number of draft laws, including the draft amendment of certain provisions of the Cultural Heritage Law, and the draft Law on Combating Cybercrimes. The relevant committees have reviewed the proposed laws and compared them with similar regional legislation, introducing appropriate amendments to enhance their effectiveness in alignment with national priorities. These proposed amendments will be discussed in preparation for referral to the State Council. The session will also include discussions on the report of the Services and Public Utilities Committee concerning the draft air services agreement with the Kingdom of the Netherlands, with reference to Curaçao. Furthermore, the Council will review reports submitted by working teams formed during the current session to study various national topics. These include the report of the working team tasked with reviewing the benefits of the social protection system, and the report of the working team studying the digital economy file, aimed at supporting Oman's orientation towards enhancing the digital economy in line with Oman Vision 2040. Also on the agenda are several reports submitted by the standing committees. These include the following: The report of the Health and Social Committee on the proposal to enhance investment in the private health sector; The report of the Services and Public Utilities Committee on the proposal to improve the quality of telecommunications services in the Sultanate of Oman; The report of the Education, Research, Innovation Committee on the proposal to introduce mechanisms to maximise the economic impact of scientific research and innovation in the Sultanate;
Zawya
5 days ago
- Business
- Zawya
Oman's ministry signs agreements to develop National Capabilities in the Industrial Sector
Muscat: In a significant step to enhance partnerships with both the public and private sectors and empower national talent in the industrial sector, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) signed a series of agreements today, Monday, June 16, 2025, with several public and private institutions. The signing ceremony was attended by H.E. Qais bin Mohammed Al-Yousef, Minister of Commerce, Industry and Investment Promotion; H.E. Dr. Said bin Mohammed Al Saqri, Minister of Economy; H.E. Dr. Saleh bin Saeed Masan, Undersecretary for Commerce and Industry; H.E. Mohammed bin Suleiman Al Kindi, Governor of North Al Batinah; and a number of senior executives and representatives from the signing entities. H.E. Dr. Saleh bin Saeed Masan emphasized in his address that these agreements mark a major milestone in the journey to strengthen national industrial capabilities. He reaffirmed the Ministry's firm belief that investing in human capital and enhancing its skills is the foundation of building a strong and sustainable economy. These initiatives, he explained, are part of the broader implementation of the Industrial Strategy 2040, which focuses on developing a diversified, knowledge-based, and technology-driven industrial sector. He noted that the Ministry is translating the strategic directions of the industrial sector into tangible projects and initiatives that aim to increase added value, diversify industrial activities, boost industrial exports, attract quality investments, and strengthen investor confidence in the industrial business environment. As part of the event, a Memorandum of Understanding was signed between the Ministry, the Office of the Governor of North Al Batinah, and Jindal Steel (Oman) for the establishment of an industrial training center in the governorate. The center aims to qualify national talent and enhance their readiness for the labor market. Additionally, a financing agreement was signed with Daleel Petroleum to support the development of the 'Tasneea' platform – a specialized digital platform connecting procurement and contracting processes in the industrial sector with local products. This initiative aims to improve supply chain efficiency and increase in-country value. Mr. Waleed Al Maawali, Senior Manager of Supply & Logistics at Daleel Petroleum, commented: 'The 'Tasneea' platform is the outcome of joint efforts between the Ministry and Daleel Petroleum. It represents a strategic step forward in promoting local content. The platform will serve to connect and integrate industrial and consumer sectors, driving productivity in the industrial sector.' © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Oman: MoCIIP signs agreements to boost industrial workforce
MUSCAT: The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) signed a series of strategic agreements for building national capabilities in the Sultanate of Oman's industrial sector. The agreements were inked on Monday in the presence of several high-ranking officials, including Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, and Dr Said bin Mohammed al Saqri, Minister of Economy. The MoUs, with private and public sector organisations, are part of broader efforts to implement the Industrial Strategy 2040. The national strategy is designed to create a knowledge-based, diversified industrial base and increase the contribution of Omani talent to the sector. One of the key initiatives includes the establishment of an industrial training centre in Al Batinah North Governorate through a memorandum of understanding between the ministry, the Governor's Office, and Jindal Steel. The centre will be used to impart specialised training to enhance the employment opportunities for Omani youth. Eng Sami bin Salim al Sahib, Corporate Strategist at Jindal Steel, commented on the occasion, "In alignment with the endeavours towards realising the goals of Oman Vision 2040 and the national Industrial Strategy, a new specialised training centre will be established to aid in capacity building in the industrial sector." The project falls within the third pillar of the strategy — developing national capabilities — and will offer high-level technical training based on industry needs. The centre will be built to the highest standards, and all costs will be incurred by Jindal Steel. Eng Al Sahib added, "In its first phase, the centre will focus on training and qualifying job seekers for employment in the sector. In the second phase, the programme will be expanded to upskilling and professional development of current industrial staff, strengthening the national workforce and long-term industrial development." Another milestone agreement was with Daleel Petroleum to fund the creation of "Tasneea," an e-platform linking industrial procurement and contracts with local manufacturers, fostering local content and improving supply chain efficiencies. Oman Cables Industry also launched its training programmes, as a model for effective industrial training and reaffirming the ministry's emphasis on human capital development. Oman Cables Chief Operating Officer, Mohannad al Lawati, detailed the scope and range of the programmes, saying that, "Over 400 employees have been registered in technical and professional development programmes, while over 33 have been enrolled in leadership training programmes." "A specially designed programme for science and mathematics graduate females has also benefited over 60 with specialist skill development. These programmes serve to bridge the gap between academic study and the practical needs of the labour market," Al Lawati said. For her part, Nasra bint Saif al Habsiyah, Director-General of Commerce, MoCIIP, stated that a cooperation programme has been signed with Al Alamiya Retail Company. The programme involves the provision of 300 opportunities for qualification, training, and employment for the national workforce —100 direct placements with training and 200 training opportunities with future employment. Eng Khalid bin Salim al Qasabi, Director-General of Industry, said, "The agreements will help to build national capacities in the industrial sector by developing qualified local talent, increasing local content, and realising greater added value in the supply chain. These are designed to improve the competitiveness of Omani products and their promotion in foreign markets." Eng Al Qasabi also stated, "The initiative falls under the ministry's general industrial strategy, which includes a package of targeted programmes for improving sector performance, expanding job opportunities for Omanis and coupling national development with the goals of Oman Vision 2040." The ministry reaffirmed its priority for the establishment of an enabling legislative and industrial environment, local and foreign investment promotion, and high value-added industries as its long-term focus for sustainable economic growth.
Times of Oman
6 days ago
- Business
- Times of Oman
Ministry of Commerce, Industry and Investment Promotion signs agreements to develop National Capabilities in the Industrial Sector
Muscat: In a significant step to enhance partnerships with both the public and private sectors and empower national talent in the industrial sector, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) signed a series of agreements today, Monday, June 16, 2025, with several public and private institutions. The signing ceremony was attended by H.E. Qais bin Mohammed Al-Yousef, Minister of Commerce, Industry and Investment Promotion; H.E. Dr. Said bin Mohammed Al Saqri, Minister of Economy; H.E. Dr. Saleh bin Saeed Masan, Undersecretary for Commerce and Industry; H.E. Mohammed bin Suleiman Al Kindi, Governor of North Al Batinah; and a number of senior executives and representatives from the signing entities. H.E. Dr. Saleh bin Saeed Masan emphasized in his address that these agreements mark a major milestone in the journey to strengthen national industrial capabilities. He reaffirmed the Ministry's firm belief that investing in human capital and enhancing its skills is the foundation of building a strong and sustainable economy. These initiatives, he explained, are part of the broader implementation of the Industrial Strategy 2040, which focuses on developing a diversified, knowledge-based, and technology-driven industrial sector. He noted that the Ministry is translating the strategic directions of the industrial sector into tangible projects and initiatives that aim to increase added value, diversify industrial activities, boost industrial exports, attract quality investments, and strengthen investor confidence in the industrial business environment. As part of the event, a Memorandum of Understanding was signed between the Ministry, the Office of the Governor of North Al Batinah, and Jindal Steel (Oman) for the establishment of an industrial training center in the governorate. The center aims to qualify national talent and enhance their readiness for the labor market. Additionally, a financing agreement was signed with Daleel Petroleum to support the development of the 'Tasneea' platform – a specialized digital platform connecting procurement and contracting processes in the industrial sector with local products. This initiative aims to improve supply chain efficiency and increase in-country value. Mr. Waleed Al Maawali, Senior Manager of Supply & Logistics at Daleel Petroleum, commented: 'The 'Tasneea' platform is the outcome of joint efforts between the Ministry and Daleel Petroleum. It represents a strategic step forward in promoting local content. The platform will serve to connect and integrate industrial and consumer sectors, driving productivity in the industrial sector.'
