The Sultanate of Oman participated in the high-level opening session of the Trade for Peace Week in Geneva. The event, themed “Building Resilience through Trade: Private Sector Engagement for Sustainable Peace,” brought attention to how trade can foster long-term peace and regional stability.
Idris bin Abdul Rahman Al Khanjari, Oman’s Permanent Representative to the United Nations Office and other international organizations in Geneva, delivered a key statement. He shared Oman’s experience in using trade as a tool for economic growth and sustainable peace.
Al Khanjari emphasized that Oman serves as a prime example of how trade can drive stability and diversify economies. He pointed out that Oman’s economic development has always been deeply connected to the importance of trade. This approach has opened doors to sustainable growth and regional peace.
He highlighted the significance of Oman Vision 2040, which formalizes the country’s new phase of development. This vision focuses on key goals such as economic growth, social justice, and environmental protection. Additionally, it strives to renew Oman’s capabilities to meet market demands and future challenges.
Al Khanjari also noted the importance of effective economic leadership, which is a cornerstone of Oman Vision 2040. The goal is to have clear mandates, established authority, and a prompt response to development needs.
Furthermore, he stated that Oman has successfully used trade as both a tool and vehicle for development. By diversifying its economy, Oman has invested in infrastructure, tourism, logistics, manufacturing, and agriculture. These efforts have created jobs, reduced poverty, and improved living standards.
Al Khanjari also praised Oman’s advancements in trade facilitation. The country ranks 10th globally for world-class infrastructure, including seaports, airports, and transportation networks. Oman’s ports, such as Sohar Port, play a key role in regional and international trade, offering vast economic opportunities.
In addition, Oman has implemented investor-friendly policies, attracting both foreign and domestic investments. These policies include 100% foreign ownership, tax exemptions, and customs duty exemptions. The government’s focus on creating a supportive business climate has encouraged entrepreneurship.
Lastly, Al Khanjari discussed Oman’s diplomatic approach to regional stability. He explained that Oman’s neutral stance allows it to mediate in regional conflicts and promote cooperation. Through this, Oman’s trade relations are not just economic but also political and diplomatic.
