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This profile was last updated on 2/21/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Faris Al Faris

Wrong Faris Al Faris?

Acting Director

Email: f***@***.com
Omani Centre for Investment Promotion and Export Development
444 Brickell Ave. Suite 51 462
Miami, Florida 33131
United States

Company Description: OCIPED has been established to provide the required support services for business ventures in the Sultanate. Whether it's setting up a new venture in Oman or...   more
Background

Employment History

9 Total References
Web References
Muscat - Oman saw the value ...
www.paiped.com, 21 Feb 2014 [cached]
Muscat - Oman saw the value of its non-oil exports rise to RO2.448 billion in 2010 a jump of 32.4 per cent over the previous year.
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Evidence shows there's a positive link between innovation, research and development and exporting, and this is where Omani companies are focusing their attention," commented the Authority's Faris Al Farsi, Acting Director General of Export Development.
Non-oil exports have increased significantly in minerals, up 52.8% on 2009; chemical products reached RO709 million, a rise of 129.6 per cent on the previous twelve months; and live animals and associated products grew by 27 per cent on 2009.
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The 2010 non-oil export figures clearly demonstrate that Omani exporters are moving in the right direction and that efforts in helping domestic exporters find business in emerging markets such as Yemen, Kenya, Tanzania, Syria, Sudan, Iran, Libya and India are paying dividends.
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The 2010 non-oil export figures clearly demonstrate that Omani exporters are moving in the right direction and that efforts in helping domestic exporters find business in emerging markets such as Yemen, Kenya, Tanzania, Syria, Sudan, Iran, Libya and India are paying dividends.
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The 2010 non-oil export figures clearly demonstrate that Omani exporters are moving in the right direction and that efforts in helping domestic exporters find business in emerging markets such as Yemen, Kenya, Tanzania, Syria, Sudan, Iran, Libya and India are paying dividends.
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"With regard more mature markets we've been helping local companies participate at major international trade shows in the US and Europe. We've also been encouraging Omani exporters to take advantage of the Oman-US Free Trade Agreement which has seen our non-oil exports to the US hit RO109.6 million in 2010 as against RO68.3 million in 2009.
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"We fully understand the important role the Authority is playing in facilitating the re-orientation of exports towards emerging markets like India and removing any regulatory barriers for Omani companies that wish to break into these countries by developing strong relationships with their governments," remarked Al Farsi.
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Adding: "Earlier this year we organized business matchmaking events in Mumbai and New Delhi where we partnered Omani exporters with Indian importers.
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Our efforts are paying off and given the progress we're making I fully expect us to hit the 2020 export target of RO6.2 billion," concluded the Acting Director General of Export Development.
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Lower Saxony Visits PAIPED
Muscat - Mrs. Nisreen Jaffar, Director General, Investment Department of the Public Authority for Investment Promotion & Export Development, played host to a Lower Saxony delegation on Wednesday which aims to strengthen business ties and promote trade between Oman and Germany. Muscat - Mrs. Nisreen Jaffar, Director General, Investment Department of the Public Authority for Investment Promotion & Export Development, played host to a Lower Saxony delegation on Wednesday which aims to strengthen business ties and promote trade between Oman and Germany.
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"Lower Saxony is one of Germany's great regions.
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Tourism is another area of common interest - Europe's leading travel group TUI is based in Hanover and with its 71,000 employees creates unforgettable holiday experiences for over 30 million global customers.
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Today, German companies are involved in both large and small-scale industrial projects in Oman.
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On the health front, Omani patients travel to Germany for state-of-the-art medical treatment. Moreover, co-operation in the healthcare sector is to be stepped up based on a memorandum of understanding signed by the respective Health Ministers in January of this year.
Tourism, the growing number of German tourists visiting Oman has tipped the balance of trade in Oman's favor and Germans currently make up the second largest group of visitors from Europe. Tourism, the growing number of German tourists visiting Oman has tipped the balance of trade in Oman's favor and Germans currently make up the second largest group of visitors from Europe.
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"Thanks to joint efforts, bilateral business relations are flourishing, bringing great benefits to our two peoples.
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Indeed, discussions, particularly with regard e-Services are ongoing between Omani and Estonian public and private sector organizations. We look forward to developing these discussions with our Estonian colleagues; discussions that will help attract Estonian investment and ICT know-how to Oman."
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Given Estonia's location at the crossroads of Western Europe, Northern Europe and the CIS markets it's strategically placed as a potential gateway to Scandinavia and Russia. Coupled with relatively low wages compared to other European countries, it has attracted large amounts of foreign investment.
"The mission was a success and I fully expect Estonia in particular and the Baltic states in general to play a more prominent role in our future investment and export activities," concluded Mrs. Nisreen.
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Muscat - As part of the Oman - South Africa Business Seminar Program held on Wednesday 16 November at the Al Bustan Palace Hotel, Mrs. Nisreen Ahmed Jaffer, Director General of the Investment Promotion Department at the Public Authority for Investment, Promotion & Export Development (PAIPED) delivered a 'Doing Business & Investment Opportunities in Oman' presentation to a packed hall of leading South African agro-processing, energy, construction, infrastructure, financial services and tourism business leaders.
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Muscat - As part of the Oman - South Africa Business Seminar Program held on Wednesday 16 November at the Al Bustan Palace Hotel, Mrs. Nisreen Ahmed Jaffer, Director General of the Investment Promotion Department at the Public Authority for Investment, Promotion & Export Development (PAIPED) delivered a 'Doing Business & Investment Opportunities in Oman' presentation to a packed hall of leading South African agro-processing, energy, construction, infrastructure, financial services and tourism business leaders.
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Mrs Jaffer's presentation covered a wealth of opportunities open to South African investors.
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Commenting: "Trade and enterprise have the power to change lives and today's presentation highlighted the exciting commercial possibilities Oman offers South Africa's business community."
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PAIPED plays a crucial role in courting the interest of foreign companies and the emerging economy of South Africa is of significant importance to today's business world.
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South Africa's economy has been completely overhauled since 1994 and bold macroeconomic reforms have boosted competitiveness, growing the economy, creating jobs and opening the country up to world markets. The country has abundant natural resources, well-developed financial, legal, communications, energy and transport sectors, a stock exchange ranked among the top 20 in the world, and a modern infrastructure supporting efficient distribution of goods throughout the southern African region.
"The Oman - South Africa Business Seminar will certainly go a long way in helping link Omani businesses with companies in South Africa that could benefit from our products and services, providing both sides with opportunities to develop beyond their borders.
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According to the Authority's Acting Director General of Export Development, Mr. Faris Nasser Al Farsi, an India Market Study Seminar was held in Muscat in late 2010, this was followed by a series of highly successful business matchmaking events in Mumbai and New Delhi, organized in co-ordination with the Omani Embassy in India, the Confederation of Indian Industry (CII) and New Delhi-based Avalon Consulting.
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Stating: "The Authority's study shortlisted 21 Omani products estimated at RO 9.62 billion.
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The sultanate's non-oil exports to India have grown rapidly over the past five years from RO70 million in 2005 to RO323.4 million in 2010 registering a compounded annual growth rate of 36 per cent.
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Analysis of trade between the two countries indicates that urea dominates Oman's non-oil exports to India.
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The Authority's Acting Director General of Export Development concluded: "High-profile business matchmaking events is one mechanism that we're using to increase Oman's non-oil exports to India.
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In addition to the existing Directorates of Export Development; Investment Promotion; and Administration and Finance; Directorates of Marketing and Media; and Research and IT Service have been added to the organization.
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The Export Development Working Group elected Mr. Salim Al Bortmany, Areej Vegetable Oils & Derivatives as its Chairman and Mr. Fahmy Al Hinai, Poly Products and Mr. M.C.
News
www.ociped.com, 28 Aug 2012 [cached]
Mr.Faris Al Farsi Acting Director General of Export Development, The Public Authority for Investment Promotion and Export Development (PAIPED) expressed the confidence that in spite of the global credit crunch the value of Non-Oil Omani origin exports will meet the target set for 2010 as per the Export Strategy prepared by PAIPED.
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Mr.Faris is upbeat as Non-Oil Omani Origin exports touched RO. 1963 Million during the year 2008 as against RO. 1291 Million during the year 2007 registering an impressive growth rate of 52%.
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Reduction in import tariffs in the target markets
Information provided to exporters on trade opportunities
Awareness created on the trade rules and procedures through workshops/ Seminars.
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The Directorate General of Specifications and Measurements is an authority established to ensure that the standard of goods made in Oman stays consistently high.
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1. To develop Strategy for Non-Oil Omani origin exports.
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4. To Organize Workshop / Seminars on International Trade.
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These thrust products together accounted for 70% of total Omani origin non oil exports.
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Export Development Working Group has been formed with the senior officials from various industrial sectors and other supporting sectors.
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The market Study in Libya for 24 products is underway and should be ready by second half of 2009.
Mr.Faris Al Faris informed that PAIPED has set out an export target of RO 2117 Million for Non-Oil Omani origin products by 2010 and expressed the confidence that this can be easily met in spite of the global credit crunch. Mr.Faris Al Faris informed that PAIPED has set out an export target of RO 2117 Million for Non-Oil Omani origin products by 2010 and expressed the confidence that this can be easily met in spite of the global credit crunch.
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Mr.Faris thanked the Omani exporters for keeping the momentum in increasing Omani origin exports.
PAIPED sees huge opportunities for trade with Libya
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PAIPED have been regularly conducting market studies in target markets such as Yemen, Syria, Kenya, Tanzania, Iran and Sudan and have later organized matchmaking meetings between the Omani exporters and importers in the target markets.
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PAIPED have been regularly conducting market studies in target markets such as Yemen, Syria, Kenya, Tanzania, Iran and Sudan and have later organized matchmaking meetings between the Omani exporters and importers in the target markets.
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The non-oil Omani origin exports increased from R.O. 2.26 million during the year 2003 as against RO. 4.46 million 2007 registering Compounded Annual Growth Rate (CAGR) of 18%.
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The non-oil Omani origin exports increased from RO. 2.57 million during the year 2003 as against RO. 7.23 million 2007 registering Compounded Annual Growth Rate (CAGR) of 29%
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The non-oil Omani origin exports increased from RO. 2.19 million during the year 2003 as against RD. 9.92 million 2007 registering Compounded Annual Growth Rate (CAGR) of 46%. 2.19 million during the year 2003 as against RD. 9.92 million 2007 registering Compounded Annual Growth Rate (CAGR) of 46%.
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The non-oil Omani origin exports increased from RO. 2.57 million during the year 2003 as against RO. 12.6 million 2007 registering Compounded Annual Growth Rate (CAGR) of 49%.
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The non-oil Omani origin exports increased from RO. 12.19 million during the year 2003 as against RO. 27.26 million 2007 registering Compounded Annual Growth Rate (CAGR) of 22%
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Dr. Salem added that Libya with a population of 6.2 Million, GDP at current prices (2007) of US$ 62.06 Billion, Imports of over US$ 11 billion (2007) offers excellent market opportunity for Omani exporters.
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Moreover, no customs duty is levied by Libya on Omani products entering Libya as per the Greater Arab Free Trade Agreement (GAFTA).
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Libyan economy benefitted from the lifting of sanctions and embargo in 2003, 2004 and has grown impressively in the last five years. Post 2003, there has been a slew of structural and policy changes that gave a fillip to the economy. Libya had greater access to international markets- this proved positive for both their exports and imports. The Libyan Government initiated a string of policy changes to attract private investment in commerce, make business more attractive and attract foreign investment in the country. Today, Libya has one of the fastest growing economies in Africa.
Libya is one of the fastest growing economies in Africa
Oil accounts for over 1/3rd of the Libyan economy, followed by education and healthcare services. The other key sectors in the economy are trade, hospitality and construction. All these sectors grew at double digits during the last 3 years.
Oil Dominates the Libyan GDP:
Large Government expenditure and private participation to boost economic growth in Libya:
Libya has embarked a large infrastructure and construction projects to build a stronger economy. The power output is set to double from 4,700MW to 9,700MW within the next five years at a projected cost of $7.5 Bn. The Libyan government has an ambitious project of the "Great Manmade River Project" the largest water development scheme in the world. This scheme is being built to bring water from large aquifers under the Sahara to coastal cities at an estimated cost of $30 Bn. The government is also planning the construction of 50,000 to 60,000 houses under the housing for all scheme along with revamping of around 334,450 sq.meters of existing office space by 2012. New airports are being planned at Tripoli and Benghazi and upgrade to 13 other airports at an estimated cost of $2.1 billion. All these construction projects will give a big fillip to building materials, electrical and engineering products.
The government is also opening up services sector with foreign participation. China, Italy, Russia, UK and USA are already participating in Libya's growth by investing in various sectors.
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Valetta Bank (Malta), British Arab Commercial Bank (UK), Bawag PSK (Austria), HSBC, International Arab Bank (Egypt), the Swiss Bank Channel, and the Housing Bank of Amman are some examples of international banks going to open offices in Libya.
Mr. Faris Nasser Al Farsi, Acting Director General of Export Development of PAIPED, whose directorate is responsible for export development of Non-oil Omani origin exports, informed that unfortunately, the Omani exporters have not looked at Libya seriously in the past.
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The Sultanate of Oman exported just around $ 6 Million worth of products to Libya in 2007 that accounted for less than 1% of total Libyan imports. Exports of Omani origin products in 2007 to Libya are the lowest amongst key Greater Arab Free Trade Agreement (GAFTA) countries.
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PAIPED's Market Study in Libya to help Omani exporters
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Mr. Faris stated that PAIPED has identified Libya as a target market and has started a Market Study in Libya covering 32 Omani products with Avalon Consulting.
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Mr. Faris stated that PAIPED has identified Libya as a target market and has started a Market Study in Libya covering 32 Omani products with Avalon Consulting.
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4. Obtain feedback from key importers and other players in Libya on Omani exports in terms of
• quality • quantity • delivery schedules/logistics • commercial issues • Willingness to consider increased volumes from Omani sources. Factors which will drive the same
5. Conclusions will be drawn for each of the 32 identified products on
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Willingness on increased sourcing from Oman, key factors which would drive the same.
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As part of this engagement, PAIPED plans to organize seminars on Exporting to Libya in Muscat and Salalah sometime in August 2009 to spread awareness of Libya as a good potential market to the exporting community.
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As part of this engagement, PAIPED plans to organize seminars on Exporting to Libya in Muscat and Salalah sometime in August 2009 to spread awareness of Libya as a good potential market to the exporting community.
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This would be followed by a Buyer Seller meeting in Tripoli and Bengazi during October/November 2009 in Libya.
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This would be followed by a Buyer Se
News
www.ociped.com, 28 Aug 2012 [cached]
The Estonian companies operating in the field of information technology, discussed ways of cooperation between the two countries and benefit from the Estonian expertise in terms of electronic applications applied in Estonia and the possibility of cooperation in the field of traffic solutions and information security, ports and health.
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Also, they looked for the investment opportunities in Sultanate of Oman. Also, they discussed cooperative perspectives between both countries and investment opportunities in Sultanate of Oman.
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In Conclusion, the guest expressed his deep appreciation for the warm welcome and hospitality .Expressing satisfaction with the sequential development in the Sultanate, Confirming that this meeting is a chance to discuss the common factors among the economies of both countries. Especially that the Sultanate is witnessing a development and commercial growth . Moreover, there is a partnership between the two countries to activate and develop them.
His Excellency Dr. Salim Al Ismaily clarified the importance of exploiting the opportunities and exchanges the visit to enhance trade and investment between the two sides.
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One-Stop-Shop wins WSIS 2012 Project Prize .. Sultanate participates in the World Summit on the Information Society (WSIS) Forum 2012
The Ministry of Commerce and Industry's One-Stop-Shop has won a WSIS Project Prize in Geneva, Switzerland, in the category of e-business. This win was announced during the Opening Ceremony of the WSIS Forum 2012 event, which is taking place this week in the Swiss capital, Geneva, amid wide international participation of government bodies and institutions involved in IT, and private institutions and individuals concerned with IT from all over the world.
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The Sultanate's delegation to the Forum is headed by Dr. Salim Sultan Al Ruzaiqi, CEO of the Information Technology Authority (ITA), and includes representatives of the Ministry of Education, the Ministry of Health, the Ministry of Commerce and Industry, the Telecommunications Regulatory Authority and Muscat Municipality.
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The percentage of annual increase has reached more than 15%, with a total number of submitted applications of 223,091 at the end of 2011.
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Being showcased are the Women Community Knowledge Centers (WCKC) and other initiatives in this area where the empowerment of women in the field of information technology is considered one of the main themes of this Forum.
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The country has streamlined its business environment with GDP growth over 7% in 2011.
Recent economic growth has been fueled by significant domestic and international investment. Since 2004, investors have helped privatize more than US$1.2bn of state assets. These new businesses have contributed significantly to job creation, domestic production and export development.
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Muscat - Mr. Ali Al Balushi, Director General, Administration & Finance of the Public Authority for Investment Promotion & Export Development (PAIPED), played host to a high-profile Singaporean business delegation on Monday which aims to strengthen business ties and promote trade between Oman and Singapore.
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Sembcorp's US$1bn investment in the Salalah power project and Top Great Engineering's Duqm projects totalling US$30mn are a clear indication of Singapore's interest in the sultanate.
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It makes sense for Oman and Singapore to explore ways to open up markets for each other in the Middle East, Africa and Asia region," commented Mr. Al Balushi.
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Experts predict that by 2020, the GCC will be a US$2trn economy, providing nearly one-quarter of the world's oil supplies as well as increasing quantities of petrochemicals, metals and plastics.
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Indeed, Singapore is particularly keen to develop markets in Africa and Oman could play a key role for third-country ventures, particularly in oil and gas and infrastructure.
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Moreover, Oman could also provide Singaporean SMEs with an attractive base for those looking to increase trade with the Middle East and Africa.
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Muscat - His Excellency Dr. Salem ben Nasser Al Ismaily, Chairman, Public Authority for Investment, Promotion & Export Development (PAIPED) played host to an Australian trade delegation earlier this week which aims to strengthen business ties between the two countries and promote trade.
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Led by the Hon. Mark Vaile, former Deputy Prime Minister of Australia and Senator the Hon. Nick Sherry MP, Senator for Tasmania - the high-profile Australian delegation comprised of businesses operating in sectors ranging from industry, minerals to engineering.
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Commenting on the meeting, HE Dr. Al Ismaily said: "Australia remains an attractive target for Omani exporters and investors, with highly favorable cross-sector opportunities. Indeed, the two countries have always enjoyed good trading relations. Our trade links include a broad range of manufactured and consumer goods, services and investment, as well as traditional commodities."
HE Dr. Al Ismaily went on to add: "PAIPED plays a crucial role in courting the interest of foreign companies and the economy of Australia is of significant importance to us."
Australia enjoys a close commercial relationship with Oman and trade with the sultanate has grown rapidly since the 1970s.
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Wheat, dairy products and live sheep have been the foundation of that trade. In recent years, bilateral trade has also diversified rapidly, and today includes a much wider array of products including a burgeoning services sector.
Faris Al Farsi, PAIPED's Acting Director General of Exports said: "We've goods that are in high demand, and Omani companies are increasingly seeking out further opportunities in new markets and I'm confident that through such high-profile delegations trade relations between Oman and Australia will flourish." Faris Al Farsi, PAIPED's Acting Director General of Exports said: "We've goods that are in high demand, and Omani companies are increasingly seeking out further opportunities in new markets and I'm confident that through such high-profile delegations trade relations between Oman and Australia will flourish." Faris Al Farsi, PAIPED's Acting Director General of Exports said: "We've goods that are in high demand, and Omani companies are increasingly seeking out further opportunities in new markets and I'm confident that through such high-profile delegations trade relations between Oman and Australia will flourish."
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Concluding, HE Dr. Al Ismaily remarked: "Our meeting will certainly help link Omani businesses with Australian companies that could benefit from their products and services, providing both sides with opportunities to develop beyond their own borders."
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The Authority plays a crucial role in courting the interest of foreign companies and the emerging economies of Africa are of significant importance to today's business world. HE Dr. Al Ismaily's discussions with HE Dr. Fouad Mohadji focused on international business environments and the export of Omani products, particularly foodstuff and cement to the Comoros Islands.
The Comoros islands are an archipelago located in the Indian ocean about 480 kilometers west of the northern tip of Madagascar and 320 kilometers east of northern Mozambique.
This archipelago comprises four islands: Grande Comore, Anjouan, Moh?i and Mayotte.
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Today, agriculture is the principal economic activity with crops grown both for domestic consumption and export. The major food crops are cassava, coconut, bananas, rice, sweet potatoes, pulses and corn. Vanilla, ylang-ylang, cloves, and copra have been the major export crops. The Comoros were the world's leading producer of the essence of ylang-ylang, an oil widely used in the perfume industry. The Islands were also the world's second-largest producer of vanilla. Today, the major imported items include cement, meat, rice, vehicles and petroleum products.
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Muscat - Mr. Faris Al Farsi, Acting Director General, Export Development Department at the Public Authority for Investment, Promotion & Export Development (PAIPED) played host to a Russian trade delegation on Sunday which aims to strengthen business ties between the two countries and promote trade.
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Muscat - Mr. Faris Al Farsi, Acting Director General, Export Development Department at the Public Authority for Investment, Promotion & Export Development (PAIPED) played host to a Russian trade delegation on Sunday which aims to strengthen business ties between the two countries and promote trade.
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Discussions focused on the current global economic situation and potential areas of commercial co-operation.
Russia remains an attractive target for Omani exporters an
News
www.ociped.com, 3 Dec 2010 [cached]
PAIPED participated in the 30-Year FGCCC Celebration Forum in Qatar
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Potential becomes actual. Hence the event name, FGCCC OUTLOOK 2010 Forum, and its positioning line, "Leading the Next 30 Years".
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A presentation on Oman economy and investment opportunities in the sultanate was made by Mr. Azzan Bin Qassim Al Busaidi, Director of Planning and Follow up.
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Dignitaries from Oman and India greet the crew, then celebrations break out on the quayside.
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H.E Khalil Bin Abdullah Al Khonji Chairman of Oman Chamber of Commerce and Industry received the Italian delegation, and chaired the Italian delegation Mr. Sergio Marini, Chairman of Arab-Italian Chamber.
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It included a number of business owners in Italy, around 85 companies and institutions working in the areas of Italy and different sectors. Eng / Nisreen Ahmad Jaffar Director General of Investment Promotion will be making a presentation on investment opportunities between the Sultanate of Oman and Italy.
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Mr. Jean Desazars, Executive Vice-President, of Lafarge Group visited Oman recently on PAIPED invitation and had meetings with H.E Ahmed Al Dheeb, Undersecretary, Ministry of Commerce & Industry and officials from Directorate General of Minerals, Oman Chamber of Commerce & Industry and Private Sector were arranged.
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Lafarge is the world leader in building material, they are number one in cement production, number two in aggregates and number three in concrete and gypsum. Their sales in 2008 were over 19 billion Euros.
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Ms Gauri Singh Joint Secretary , Ministry of New & Renewable Energy, India made a presentation on the Renewable energy initiatives in India and Mr Ahmed Al Jahdhami., Privatization & Restructuring Director of Public Authority for Electricity & Water made a presentation on the renewable energy initiatives of Oman.
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Commenting on the event, Nisreen appreciated the efforts of the Oman India Business Council especially the Chairman Mr Pankaj Khimji and the Confederation of Indian Industry for organizing the event and mentioned that the event provided excellent platform for the Omani and Indian private sector to interact for cooperation in the field of renewable energy.
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Eng. Nisreen Ahmed Jaffar, Director General for Investment Promotion, and Khalid Al Hashli, Director of Facilitation of PAIPED participated in the First China Overseas Investment Fair.
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H.E. Anna Maria Honorary Consulate of Oman in Spain and PAIPED Representative was on an official visit to Oman during last week and met H.E. Maqbool Ali Sultan, Minister of Commerce & Industry, H.E.
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Dr. Mohammed Al Romhi, Minister of Oil & Gas, Sayyid Badr bin Hamed bin Hamoud al Busaidi, Secretary General Ministry of Foreign Affairs, and H.E. Hamood Sangoor, Executive President of Central Bank of Oman.
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Eng. Nisreen Ahmed Jaffar , Director General for Investment Promotion of PAIPED, participated in the 5th Woman's Forum for the Economy & Society Global Meeting as an official delegate from the Middle East at Deauville during 15th to 17th October.
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This year event was the 5th edition and the official delegation was Middle East. Over fifty leading and remarkable women from business, politics, academia, science & technology and art & media participated in the event . Apart from that there were many renowned speakers of Middle East origin. The total participation was over 1000 from about 80 countries. The organizers were able to gather excellent speakers and the topics of discussion varied from global business and politics to economy and society
Commenting on the event Nisreen mentioned that this forum considered to be women's edition of the World Economic Forum and was excellently organized and managed.
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Eng. Nisreen Ahmed Jaffar , Director General for Investment Promotion, and Khalid Al Hashli, Director of Facilitation of PAIPED will participate in the First China Overseas Investment Fair hosted by China Industrial Overseas Development & Planning Association and China Development Bank in China at World Trade Center, Beijing during November 3-4, 2009.
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Commenting on the event Eng, Nisreen mentioned that in the recent past there is considerable interest from the Chinese companies, both large and SMEs, to establish a base in Oman and added further that many investment promoting agencies from China and abroad; international and regional economic organizations; foreign associations and chambers of commerce; Fortune 500; China large scale state-owned and private enterprises, many in small and medium-sized enterprises, will be attending the fair and participation in this forum will provide an opportunity to promote Oman and invite them to explore the business opportunity in Oman.
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Commenting on the event Eng, Nisreen mentioned that in the recent past there is considerable interest from the Chinese companies, both large and SMEs, to establish a base in Oman and added further that many investment promoting agencies from China and abroad; international and regional economic organizations; foreign associations and chambers of commerce; Fortune 500; China large scale state-owned and private enterprises, many in small and medium-sized enterprises, will be attending the fair and participation in this forum will provide an opportunity to promote Oman and invite them to explore the business opportunity in Oman.
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The Public Authority for Investment Promotion and Export Development is signing the Memorandum of Understanding in the Investment field with The Syrian Investment Authority
The Public Authority for Investment Promotion and Export Development has signed on 5th October 2009 The Memorandum of Understanding in the investment field with the Syrian Investment Authority, Dr Salem Nasser Al Ismaily CEO of the Centre represented Oman and Eng.
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Nisreen Ahmed Jafar - Director General of Investment Promotion in the centre and Mr. Aiman Al Ambosaidi Acting Director General of Export Development and Mr. Khalid Al Hashli Director of Investment Facilitation in the Centre.
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The Parties will promote the exchange of visits and meetings between Syrian and Omani investors and encourage investment in various productive and service sectors and the establishment of forums in order to publicize the investment environment and opportunities for projects available in each of the two countries. Exchange of information, legislation and laws in force in the area of investment and participation in investment fairs in both countries and work to provide the necessary services and facilities to investors for the establishment and completion of investment projects in accordance with the legislation in force in the two countries and signed agreements with the relationship between them. Exchange of information and lists of projects for investment in both countries and the conditions for their implementation and follow-up completed. Formation of a joint committee of professionals in the Omani Center for Investment Promotion and Export Development, Oman and the investment in the Syrian Arab Republic for the implementation of this note and meet once a year alternately in both countries and, whenever necessary.
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Visit delegation from Republic of Yemen
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In this context PAIPED organized two days programme for Mr. Marwan Farag Bin Ghanem General Manager and Mr. Abdulwahab Ali, Head of Technical Office of GIA on 28 - 29 June 2009 to visit Oman and to meet with various government bodies in the Sultanate such as Ministry of Commerce and Industry, Oman Chamber of Commerce, Knowledge Oasis Muscat (KOM) and Takamul.
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International Research Foundation Press Release - Oman's Economic Freedom is Growing
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Muscat, Oman - Oman ranked 36th out of 141 countries in the Economic Freedom of the World: 2009 Annual Report, released today by the International Research Foundation, Oman.
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This saw the Sultanate's ranking increase from 44th in the world last year to 36th this year.
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Out of all Arab countries that participated in the index, Oman ranked 5th.
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First ranked in the Arab World was the UAE at 7.58 (ranked 19th in the world), Bahrain was second in the Arab World (7.56, 20th in the world) followed by Kuwait (7.46, 30th in the world) and Jordan (7.40, 34th in the world).
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First ranked in the Arab World was the UAE at 7.58 (ranked 19th in the world), Bahrain was second in the Arab World (7.56, 20th in the world) followed by Kuwait (7.46, 30th in the world) and Jordan (7.40, 34th in the world).
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First ranked in the Arab World was the UAE at 7.58 (ranked 19th in the world), Bahrain was second in the Arab World (7.56, 20th in the world) followed by Kuwait (7.46, 30th in the world) and Jordan (7.40, 34th in the world).
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Faris Nasser Al Farsi, ...
www.timesofoman.com, 7 Sept 2010 [cached]
Faris Nasser Al Farsi, acting director general of export development of OCIPED informed the media that OCIPED has been invited by ITFC to participate in the exhibition by exhibiting products manufactured by exporting companies from the Sultanate of Oman.
Based on the responses from Omani exporters OCIPED has collected samples from 8 companies and shall be displaying these products at the above exhibition. Faris added that this is part of the initiative of the Directorate General of Export Development of OCIPED to reach out new markets, identify new business opportunity and partnership.
Faris said that Emaad Al Shukeily, marketing researcher of OCIPED will be participating in the exhibition and hopes that the Omani Pavilion will attract good number of visitors resulting in opening up export opportunity for Oman.
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