German Investors Explore Investment Opportunities
in Sultanate.
Oman-Green Energy LLC - under incorporation - received at Al Bustan Palace Hotel today a group of 70 German investors who investment funds led by Terra NEX Financial Engineering AG Switzerland (Terra NEX), a Swiss licensed and global wealth management company that is specialized in identifying and developing investment opportunities in the Middle East and Middle East Best Select (MEBS) Group of Funds. The meeting is part of their visit to the Sultanate to explore the investment opportunities, especially in the field of renewable energy. During the visit the German investors met with representatives of a number of Omani respective agencies where they were briefed on the investment potentials in the different sectors, particularly in the free industrial zones, with A'Duqum Special Economic Zone at the foremost. Eng. Nisreen bint Ahmed Jaafar, Director General of Investment Promotion at the Public Authority for Investment Promotion and Exports Development highlighted the wide horizons for investment at the different economic sectors, as well as the incentives provided by the Sultanate to foreign investors. She also underscored the policies adopted by the Sultanate to support, encourage and project foreign investments in the Sultanate. She also covered the development plans, the economic indicators and the factors that make the Sultanate a favourable choice for potential investors in the region. On his part, Dr. Morees Jirgis, Advisor of the Special Economic Zone in A'Duqum made a presentation on the investment potentials and the scores of incentives provided to investors in the Zone. Eng. Ahmed bin Saleh al-Jahdhami, CEO of operations at Oman Power and Water Procurement Company and Eng. Saleh bin Nasir al- Rumhy, of the Public Authority for Electricity and Water highlighted the Sultanate's strategy in the field of renewable energy and the promising investment opportunities in this vital field. Oman Green Energy LLC and its found Middle East Best Select, managed by Terra NEX Financial Engineering AG Switzerland (Terra NEX), seek to set up an integrated project for power generation in the Sultanate from the solar and renewable energy. It also intends to invest in the industries associated with the sector, training, education and rehabilitation of Omani human resources after ensuring the required coordination with the respective public agencies. The project will be managed by Terra NEX Financial Engineering AG Switzerland (Terra NEX), which managed a number of special capital funds, such as the first solar energy fund and Middle East Best Select Fund, which have investments in the green projects in the Middle East region including solar energy. The project's main components that start with a solar power plant (400 MW), a plant for the manufacture of solar cells and another for the manufacture of aluminum frames to meet the needs of the project, the local market and export especially to U.S.A to benefit from the FTA between the Sultanate and the U.S.A. An educational institution for renewable energy technology engineering will also be set up in collaboration with one of the prestigious European University to provide the educational base for the Sultanate and the Middle East. The proposed university institution will help in the transfer and possession of modern technologies in this vital field. A private investment fund named 'Solar Energy Fund in the Sultanate of Oman', with $200 million investments, has been launched within the Middle East Best Select Fund Group to finance the first stage of the project. The full investment of the project is estimated at $1.8 to 2 billion, which will be financed by investors according to the stages of the project. An agreement has been reached with the local partner, Sheikh Hilal bin Khalid bin Nasir al-Ma'awali and the Middle East best Select Fund to offer 40% of the capital for public subscription during not more than 4 years from the operation of the project. This will provide feasible investment opportunities to various sectors and investors. This will also enhance the capital market base in the Sultanate and provide the opportunity to enlist the company in the European stock markets, especially in Germany and Switzerland.
Oman-Green Energy LLC - under incorporation - received at Al Bustan Palace Hotel today a group of 70 German investors who investment funds led by Terra NEX Financial Engineering AG Switzerland (Terra NEX), a Swiss licensed and global wealth management company that is specialized in identifying and developing investment opportunities in the Middle East and Middle East Best Select (MEBS) Group of Funds. The meeting is part of their visit to the Sultanate to explore the investment opportunities, especially in the field of renewable energy. During the visit the German investors met with representatives of a number of Omani respective agencies where they were briefed on the investment potentials in the different sectors, particularly in the free industrial zones, with A'Duqum Special Economic Zone at the foremost. Eng. Nisreen bint Ahmed Jaafar, Director General of Investment Promotion at the Public Authority for Investment Promotion and Exports Development highlighted the wide horizons for investment at the different economic sectors, as well as the incentives provided by the Sultanate to foreign investors. She also underscored the policies adopted by the Sultanate to support, encourage and project foreign investments in the Sultanate. She also covered the development plans, the economic indicators and the factors that make the Sultanate a favourable choice for potential investors in the region. On his part, Dr. Morees Jirgis, Advisor of the Special Economic Zone in A'Duqum made a presentation on the investment potentials and the scores of incentives provided to investors in the Zone. Eng. Ahmed bin Saleh al-Jahdhami, CEO of operations at Oman Power and Water Procurement Company and Eng. Saleh bin Nasir al- Rumhy, of the Public Authority for Electricity and Water highlighted the Sultanate's strategy in the field of renewable energy and the promising investment opportunities in this vital field. Oman Green Energy LLC and its found Middle East Best Select, managed by Terra NEX Financial Engineering AG Switzerland (Terra NEX), seek to set up an integrated project for power generation in the Sultanate from the solar and renewable energy. It also intends to invest in the industries associated with the sector, training, education and rehabilitation of Omani human resources after ensuring the required coordination with the respective public agencies. The project will be managed by Terra NEX Financial Engineering AG Switzerland (Terra NEX), which managed a number of special capital funds, such as the first solar energy fund and Middle East Best Select Fund, which have investments in the green projects in the Middle East region including solar energy. The project's main components that start with a solar power plant (400 MW), a plant for the manufacture of solar cells and another for the manufacture of aluminum frames to meet the needs of the project, the local market and export especially to U.S.A to benefit from the FTA between the Sultanate and the U.S.A. An educational institution for renewable energy technology engineering will also be set up in collaboration with one of the prestigious European University to provide the educational base for the Sultanate and the Middle East. The proposed university institution will help in the transfer and possession of modern technologies in this vital field. A private investment fund named 'Solar Energy Fund in the Sultanate of Oman', with $200 million investments, has been launched within the Middle East Best Select Fund Group to finance the first stage of the project. The full investment of the project is estimated at $1.8 to 2 billion, which will be financed by investors according to the stages of the project. An agreement has been reached with the local partner, Sheikh Hilal bin Khalid bin Nasir al-Ma'awali and the Middle East best Select Fund to offer 40% of the capital for public subscription during not more than 4 years from the operation of the project. This will provide feasible investment opportunities to various sectors and investors. This will also enhance the capital market base in the Sultanate and provide the opportunity to enlist the company in the European stock markets, especially in Germany and Switzerland.
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