OCCI Chairs Meeting of GCC Federation of Chambers Committee

Muscat, 20 Feb (ONA) — Oman Chamber of Commerce and Industry (OCCI) today hosted the 59th meeting of the GCC Federation of Chambers’ Executive
Leaderships Committee.Held in Muscat, the meeting discussed digital initiatives and the annual
report of the final accounts of the Federation’s Secretariat General for the
year 2024.

The meeting was chaired by Zakaria Abdullah Al Saadi, CEO of
the OCCI, and attended by an elite group of executive leaders of GCC chambers
of commerce.

The meeting reviewed concepts of the new visual identity of
the GCC Federation of Chambers and its digital platforms. The deliberations reflect
member states’ ongoing pursuit of development and innovation aimed to better serve the GCC states’ common economic interests.

The meeting discussed a comparative revenue-expenditure report filed by the GCC Federation of Chambers’s Secretariat
General.

The meeting also touched on the role of GCC chambers in
achieving integration among GCC economies, measures to upgrade GCC chambers’ capabilities
to serve the GCC economy and novel means of activating the GCC business
community.

On the sidelines of the meeting, members of the GCC Executive
Leaderships Committee visited the “Invest Oman Lounge” where they learned about the
services rendered to investors, as well as the investment available in the
Sultanate of Oman.

The GCC team also visited Khazaen Economic City in the
Wilayat of Barka in the South Al Batinah Governorate to learn about the incentives that the city provides for investors, including tax exemptions and
foreign ownership of businesses in Oman.— Ends/Bishara/AH