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Thursday, October 23, 2014  

Oman to boost economic relations with Singapore
SINGAPORE The Omani-Singaporean Joint Committee on Wednesday sought to strengthen economic cooperation between the countries at its 11th session held at the Singaporean Foreign Ministry. The countries also discussed measures to boost investment in services and technology in the countries.

Hilal Bin Hamad Al Hasani, CEO of PEIE, said that both countries signed a memorandum of understanding to boost industrial productivity, development of food industry and competition in markets.

PEIE, through the Industrial Development Centre which is currently under development, will get help from Singapore to boost productivity, packaging and food industry that would activate and develop performance of the Sultanate’s industrial sector, he added.  

Further, Oman’s Information Technology Authority (ITA) sought more cooperation and investment from its Singapore counterpart.

Dr Salim Al Ruzaiqi, CEO of ITA, said that it had signed two agreements with a number of Singaporean companies in the field of IT for training Omani SME businessmen.

Eng. Said Bin Darwish Al Alawi, Health Affairs Advisor at the Ministry of Regional Municipalities and Water Resources, stressed the importance of taking advantage of Singapore’s expertise in the management of hazardous and non-hazardous wastes.  

The meeting also discussed cooperation in tourism sector. Eng. Mohammed Bin Mahmoud Al Zedjali, Director-General of Investors’ Services and Quality Management, stressed the importance of investment in the tourism sector in the Sultanate and sought cooperation and expertise from Singapore in the hotel industry, development of tourism sector.  

Moreover, the meeting also discussed cooperation between the Public Authority for Consumer Protection (PACP) and Consumer Protection Commission in Singapore.

Khalid Bin Mohammed Al Ma’amari, Director of PACP Complaints Departments, stressed the need to control markets stability and availability of goods. He also sought help for developing a mechanism for making statistical data on prices. HE Eng. Ahmad Bin Hassan Al Dheeb, Undersecretary of the Ministry of Commerce and Industry, who headed the Omani delegates, said that the economic ties between the Sultanate and Singapore aim to boost growth in various areas of trade and investment.

Regarding the investment fund signed by the countries, Al Dheeb said that the fund is under study and it will be used for financing a number of joint investment projects in the Sultanate in the coming period. 

Oman News Agency
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