Oman is set to award tenders and contracts worth RO17 billion ($44 billion) for several major infrastructure projects across the country during a two-day business summit in November.
The Business Opportunities Forum 2015, which kicks off on November 16 coinciding with Oman’s 45th National Day, is aimed at promoting sultanate’s brand image for attracting investments and ventures.
Besides offering support to small and medium enterprises (SMEs), In-country-value (ICV) and other national initiatives, the forum will also look into possibilities of establishing five new companies for which the contracts and tenders will be divided among international and local companies, reported the Oman Observer.
By creating a platform for companies to benefit from the business opportunities displayed under one roof to help them expand their businesses, the forum attracts local and foreign companies interested in displaying their services, contracts and business opportunities.
"We are aiming to break the record of the total value of the contracts which were achieved during the second version of the forum. OCCI hopes to have RO100 million ($258 million) worth contracts at this forum, remarked Said bin Saleh Al Kiyumi, the chairman of the Oman Chamber of Commerce and Industry (OCCI).
"But taking into consideration the current economic conditions, low oil prices, the value of the contracts and tenders offered at the forum is expected to be not less than RO17 billion," he added.