Oman-Philippines Forum Highlights Investment Zones
The activities of the "Oman-Philippines" forum focused on showcasing the investment opportunities offered by the special economic zones and free zones in the Sultanate of Oman. The Public Authority for Economic Zones and Free Zones and Industrial Areas presented a presentation on the attractive investment components, such as 100% foreign ownership, tax exemptions and customs allowances that can last up to 30 years, as well as facilitation in procedures for residency and permits. It was emphasized that economic cooperation between the two countries holds significant potential, especially in logistics, food industries, and electronics sectors, leveraging the Philippines' expertise in port management and manufacturing, along with the development of the logistics sector in Oman. This initiative is part of efforts to promote investment attraction and economic diversification by strengthening international partnerships and utilizing Oman's strategic location.
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