Oman Invites Pakistani Investment in Petrochemical Sector

Oman is inviting Pakistani investment in its petrochemical sector to support its economic diversification plans. The proposal includes B2B meetings and visa facilitation for Pakistani businesspeople. This initiative aligns with Oman’s Ladayn Polymer Park project, which recently secured USD 88 million to boost local plastic industries, create jobs, and enhance self-sufficiency. The collaboration aims to strengthen economic ties between both countries for mutual benefit.

Consul General, Sami Abdullah Salim Al Khanjari, invited the PCDMA delegation to visit Oman, explore industries, and participate in B2B meetings, with visa facilitation assured for recommended businesspeople. He highlighted the potential for joint ventures in the petrochemical sector to boost trade ties between Pakistan and Oman. PCDMA Chairman, Salim Vali Muhammad, outlined Pakistan’s chemicals and dyes industry and discussed trade prospects, especially in industrial raw materials. Both sides expressed hope that increased bilateral investment would strengthen economic cooperation and fulfill mutual commercial needs.

Oman is actively working to attract foreign investment to diversify its economy, with a particular focus on the petrochemical sector. As part of this strategy, Oman is encouraging Pakistani investors to explore opportunities in its growing petrochemical and industrial sectors. This initiative highlights Oman’s commitment to strengthening bilateral trade relations with Pakistan while leveraging foreign investment to enhance its industrial capabilities.