Minister at Oman Philippines investment forum

Foreign Minister Sayyid Badr Albusaidi participated, along with Oman's Minister of Labour Dr Mahad Baowain, in the “Oman–Cebu” Investment Forum held in the Republic of the Philippines.

The Foreign Minister delivered the opening address at the forum, which is jointly organised by the Foreign Ministry, the Oman Chamber of Commerce and Industry, and the relevant authorities in the Filipino city of Cebu.

Sayyid Badr, emphasised the importance of transforming existing friendly relations into mutual trade and investment partnerships by fostering a conducive environment and raising awareness of the opportunities available. Promising sectors include green and renewable energy, logistics, tourism, real estate development, food industries, healthcare, artificial intelligence, data centres, robotics, and information technology.

“The Sultanate of Oman is a preferred destination for many Filipino workers, who have found a second home where they enjoy safety and respect. Around 50,000 Filipinos live in an environment marked by understanding and tolerance,” he said. This strong human foundation serves as a starting point for expanding cooperation beyond labour into trade and investment, opening wider horizons for the business communities of both Oman and the Philippines, he added.

The first Oman-Cebu Investment Forum aimed to promote cultural, commercial, tourism, and investment ties between Oman and the Philippines while enabling economic partnerships by providing an attractive platform for exchanging ideas and fostering collaborations across various sectors of the two nations.

The forum was attended by representatives from the public and private sectors of both countries.

This is an unofficial English version of an Arabic report. To view the official Arabic text, click here.