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Oman continues to cement its relationship with Baltic state of Estonia

Oman: Wednesday, June 22 - 2011 @ 10:28

The trade discussions centred on bi-lateral double taxation avoidance, investment guaranty treaties and future business delegations.

“Many of the companies I held talks with were very well informed about Oman and are keen to further investigate the commercial opportunities that clearly exist in the sultanate. The Estonian firms I met with showed particular interest in Oman’s ICT, manufacturing, shipping, logistics and food and beverage sectors,” remarked the OCIPED Director General for Investment Promotion.

On the export front, and according to Mrs. Nisreen, the rapidly growing Estonian economy provides exciting opportunities for Omani firms, ranging from servicing Estonia’s growing domestic demand, to large scale EU projects which are being rolled out across the Baltic region.

OCIPED’s Director General for Investment Promotion went on to add, “From our meetings in Tallinn it’s clear that Estonian firms are keen to invest in Oman. There’s certainly an appetite to explore what’s on offer. 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.”

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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Wednesday, June 22- 2011 @ 10:28 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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