Muscat: The Inspire Oman Summit 2026 for investors was held on Wednesday in strategic partnership with Oman Chamber of Commerce and Industry (OCCI) and organised by Mefriend under the theme “Where Vision Meets Investment.”
The summit was held under the auspices of HH Sayyid Mohammed Salim Al Said, in the presence of Faisal Abdullah Al Rowas, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry (OCCI).
The Inspire Oman summit aimed to highlight the successes of foreign investors in the Sultanate of Oman, as several investors who achieved success in the Sultanate of Oman and those who promote investment opportunities for the Sultanate of Oman were honoured.
The summit discussed the importance of enhancing the Sultanate of Oman’s standing as an investment destination and transforming economic assets and promising opportunities into qualitative projects and partnerships that support economic diversification and raise the private sector’s contribution to development.
The summit witnessed the signing of a Memorandum of Understanding between “Hotpack” company and “Sea Pride” company in the field of packaging. New investments were also announced across a number of economic sectors in the Sultanate of Oman, as “Premium Global” Group announced the establishment of a topping refinery and management and processing of oil waste in the Special Economic Zone at Duqm valued at $10 million.
Meanwhile, “E. M. Badrudeen & Partners” company announced the establishment of a new engineering and manufacturing facility, “Avenzo Pharma” company announced its investment in pharmaceutical manufacturing in Khazaen Economic City, and “Al Faddan” company launched the “Bianca Luxury” project in Khazaen Economic City.
Faisal Abdullah Al Rowas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, stated that the “Inspire Oman Investors Summit 2026” brings together investors and business leaders, reflecting the importance of strengthening economic relations, exploring investment opportunities, and building mutually beneficial partnerships.
He noted that rapid transformations in the global economy, accompanied by changes in supply chains, growing interest in energy and food security, and advancements in technology and industry, reinforce the importance of investment destinations that offer stability, competitiveness, and access to regional and international markets.
Al Rowas added that the attractiveness of investment in the Sultanate of Oman is enhanced through its commitment to economic diversification within the framework of “Oman Vision 2040,” and its continued development of the legislative and regulatory framework, streamlining of procedures, and expansion of digital services, thereby creating an environment supportive of business growth and offering diverse opportunities for investors in productive and service sectors.
Shri Prashant Pise, Ambassador of the Republic of India to the Sultanate of Oman, affirmed that Omani-Indian economic relations rest upon firmly established historical trade ties and common interests, as well as the significant capabilities possessed by both countries to enhance cooperation in priority sectors.
He explained that the diversity of opportunities available in economic sectors provides broad scope for Indian and Omani companies to develop joint projects, leverage mutual expertise and capabilities, and enhance their presence in regional and international markets. The Ambassador also emphasised that the Comprehensive Economic Partnership Agreement (CEPA) between the Sultanate of Oman and the Republic of India represents an important opportunity to elevate commercial and investment relations between the two countries.
Abdul Latif Khunji, Board Member of the Oman Chamber of Commerce and Industry and Chairman of the Foreign Investment Committee at the Chamber, said that the “Inspire Oman Investors Summit 2026” represents an important platform for exchanging expertise and successful investment experiences, reviewing promising opportunities in various economic sectors, and enhancing communication between investors and business owners.
He noted that the Sultanate of Oman possesses a set of capabilities that support its investment attractiveness, including its strategic geographic location, infrastructure, transport and logistics networks, alongside the capabilities provided by economic and free zones that support business, production, and exports.
The summit featured a number of panel discussions that addressed entrepreneurial experiences, commercial and investment opportunities, investment prospects in the circular economy, energy efficiency, and converting environmental solutions into scalable economic opportunities. It also discussed investment and commercial opportunities in the fisheries sector.
The summit proceedings also covered artificial intelligence applications in business and innovation, their role in developing operating models, elevating efficiency, and enhancing competitiveness, alongside reviewing opportunities provided by modern technologies to develop institutions and open new avenues for growth.