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Alizz Islamic Bank Supports The Third Duqm Society And Economy Forum 2017

Muscat, Sultanate of Oman Alizz Islamic Bank supported The Third Duqm Society and Economy Forum 2017 organized by the Oman Chamber of Commerce and Industry represented by the Al-Wusta Branch to discuss investment opportunities and the vision of economic diversification in the Sultanate.

‘The Third Duqm Society and Economy Forum 2017’ was held under the patronage of His Highness Sayyid As'ad bin Tariq Al Said, Deputy Prime Minister for International Relations and Cooperation Affairs and Personal Representative of His Majesty the Sultan.

Dr. Mahathir Mohamad, the former Prime Minister of Malaysia, delivered a speech in which he talked about the experience his country went through to enhance their economy. Such as focusing on developing human cadres through learning from successful experiences in developed countries and benefiting from the vast agricultural lands managed by the Malaysian government as well as paying attention to the industrial sector, especially the manufacturing industry, in order to accommodate a larger number of job seekers.

The forum, which was held at the Grand Hyatt Muscat Hotel, included a number of sessions. The first session dealt with investment opportunities and the vision of economic diversification in the Sultanate. The second session, which was attended by Dr. Mahathir, discussed the growth opportunities of commercial and investment companies in light of the economic recession and the vision of economic diversification in the Sultanate.

During the meeting, a promotional presentation was made to invest in the Sultanate entitled "Oman the Safe Home for Investment" which reviewed the investment components of the Sultanate and the investment opportunities available in various economic and development sectors in particular. The event was attended by a number of members of the Royal Family, Dignitaries, business owners and public and private entities from within and outside the Sultanate.

Commenting on supporting The Third Duqm Society and Economy Forum 2017, Moosa Al Jadidi, Chief Operating Officer of Alizz Islamic Bank, said: “The Omani economy is set to diversify from its dependency on oil and grow via many alternatives such as commercial ports located on international shipping lines, which are expected to have a direct input in strengthening of revenue in the general state budget, as well as the geographical diversity of the Sultanate which promotes tourism and enhance revenues, as well as the Special Economic Zone Duqm Special, which upon completion of the project, will naturally lead to the creation of an active commercial movement between the Sultanate and the rest of the world and lead to Oman becoming the gateway of the Arabian Peninsula”