|
News >>
Ociped takes 32 member delegation to libya
Ociped
takes 32
member
delegation
to libya
In line
with its
Export
Strategy
which
has
identified
thrust
products
and
target
markets,
The
Omani
centre
for
Investment
promotion
and
export
Development
(OCIPED)
had
conducted
a
detailed
market
study
for 32
products
manufactured
in the
Sultanate
of Oman
during
the year
2009. In
continuation
of its
efforts
to
increase
Omani
exports,
OCIPED
is
organizing
a 30
member
delegation
to Libya
during
8th –
11th
March,
2010.
The
Omani
delegation
is to
participate
in a
formal
Match
Making
event in
Tripoli
on 10th
March
2010 and
also to
attend
the
Libya
Oil and
Gas and
Infrastructure
Exhibitions
organized
in
coordination
with
Bank
Muscat.
Mr.Faris
Al Faris
Acting
Director
General
of
Export
Development,
OCIPED
informed
that the
event
will
help
boost
trade
and
investments
between
the two
friendly
countries.
This
Match
Making
is the
fourth
in the
series
of
interactions
between
Omani
and
Libyan
businessmen
organized
by the
Directorate
General
of
Export
Development
OCIPED.
OCIPED
approached
the
country
study of
Libya in
an
innovative
manner
by
ensuring
multiple
interactive
meetings
between
the
businessmen
of the
two
countries.
The
Match
making
event is
the
culmination
of
almost a
year
long
exercise
conducted
by
OCIPED
through
Avalon
Consulting,
an
international
consultancy
company.
Mr.
Aiman
Ambusaidi,
Director
of
Export
Development,
OCIPED
who will
be
accompanying
the
Omani
delegation
along
with Mr.
Emaad
Shukeily
Economic
Researcher
from
OCIPED,
informed
that
OCIPED
had
received
an
overwhelming
response
from the
exporters
and
hoped
that
sizeable
business
deals
are
concluded
arising
out of
the
matchmaking
meetings
in
Libya.
Mr.
Aiman
further
informed
that the
presence
of two
officials
from
Bank
Muscat
gives
the
Omani
delegation
an extra
strength
as many
payment
related
matters
could be
settled
by the
Omani
exporters
with the
help of
the
bankers.
The
market
study
approach
involved
two
modules.
The
first
module
was a
detailed
country
mapping
for 32
products.
This
mapping
included
estimating
the
market
size,
market
dynamics,
level of
imports,
competition
mapping,
etc. The
second
module
focused
on
initiating
trade
between
Omani
and
Libyan
businessmen.
The
second
module
was
executed
over a
six
month
period
starting
August,
2009.
The
second
module
had four
interaction
events
for the
two
business
community
and the
forthcoming
match
making
event is
the
final
event of
the
module.
The
first
event
was
conducted
in
Tripoli
in
September,
2009.
The
Omani
Ambassador
in Libya
along
with the
Union
Chamber
of
Commerce
and
Industry
organized
a
seminar
in
Tripoli
to
project
the
Sultanate
of Oman
as a
manufacturing
base.
This
event
was a
focused
one with
targeted
audience
being
large
business
groups
in
Libya.
The
second
event
was a
seminar
in
Muscat,
which
was
attended
by more
than 120
exporters.
The
focus of
this
seminar
was to
disseminate
information
about
Libya to
all the
exporters
in Oman.
This was
attended
by a few
Libyan
businessmen.
There
was a
business
delegation
from
Libya
which
came to
Muscat
in
November,
2009.
This
delegation
had
people
from
three
Libyan
companies
and two
government
officials.
There
was a
seminar
which
was
attended
by H.E
Dr
Younis
Salim Al
Ajaili,
the
Ambassador
of Libya
and over
25
exporters
from
Omani
side.
This
event
was
followed
by
around
20 one
to one
meetings
between
officials
of the
two
countries.
Omani
exporters
discussed
both
trade as
well as
investment
opportunities
with the
Libyan
delegation.
There
has been
very
good
leads
generated
out of
these
meetings.
OCIPED
and
Avalon
organized
plant
visits
as part
of this
exercise
to make
Libyan
businessmen
aware of
the
manufacturing
base in
the
country.
Dr.
Mohamed
Haweel
Misrati,
Chairman
of Union
Chamber
of
Commerce
and
Industry,
said
during
the
visit
that
there
was a
lot of
trust
and
acceptance
of Omani
products
in
Libya.
There
was a
high
degree
of
willingness
in the
public
sector
in Libya
to
promote
trade
and
investment
between
Oman and
Libya.
The
forthcoming
match
making
event
will
help to
seal
this
awareness
into
business
deals.
The
OCIPED
market
study
has
discovered
a large
potential
for
bilateral
trade
between
these
two
countries.
The
trade
could
reach to
around
$60-80
Million
from the
current
levels
in the
coming
3-5
years.
OCIPED
has
tracked
the
leads
got out
of the
efforts
in the
last six
months.
One
Omani
company
has
already
exported
their
first
order
and two
others
are in
advanced
stages
of
closing
a deal.
The
infrastructure
related
companies
are in
the
process
of
getting
themselves
approved
by the
apex
bodies
in
Libya.
With
such
success
from the
Libya
initiative,
Mr.Faris
Al
Farsi,
Acting
Director
General
of
Export
Development
of
OCIPED
informed
that
OCIPED
is
geared
up to
conduct
more
such
market
studies.
OCIPED
stressed
that it
is
focused
to
increase
trade
and
investments
between
the
Sultanate
of Oman
and
other
countries
and such
initiatives
will be
taken on
an
annual
basis.
|
