The KLMCC welcomes and hosted breakfast meeting with guest of honor Mr. Faris Nasser Al-Farsi, Director of the Export Markets Facilitation - OCIPED Oman. The two way discussion between Malaysia and Oman was attended by key entrepreneurs from various businesses alongside with officials from the various government agencies.

The breakfast meeting was held on Friday, 10^th June 2011 at Royal Selangor Club, Kuala Lumpur.

The Omani Centre for Investment Promotion and Export Development (OCIPED) is a Government establishment, formed by a Royal Decree No. 59/96 dated 26th June 1996 of the Sultanate of Oman.

The Centre aims at increasing the contribution of the Private Sector to the investments required for the development plans and promoting the export of Omani products to foreign countries to improve the balance of trade of the Sultanate.

 The Sultanate of Oman, one of the most progressive countries in the Middle East, has achieved remarkable growth in all sectors of economy during the past years and is well on its course for excellent growth. Though oil remains single most important source of revenue, the expansion of non-oil sector is expected to make the growth and development process of Oman more sustainable in the long run.

The Sultanate encourages foreign capital that will enhance the overall development of the country. It should supplement local investment in utilizing its untapped resources, facilitate transfer of technology, know - how and managerial skills, and getting benefit from the worldwide connections of multinational corporation in opening new markets for Oman products.

Oman is committed to a policy of open market economy based on free competition in which the Private Sector is encouraged and facilitated to play leading role. World class infrastructure facilities, incentives packages, attractive corporate tax and tax holidays, simplification of ‘doing business procedures’ and transparent corporate governance has made Oman as an attractive destination for investment.

Slide Presentation by Mr.Faris Nasser Al-Farsi