Around 100 companies from 15 countries are participating in event showcasing a range of products, technologies and services needed in the mining sector.
Oman Mining Expo is one of the sultanate’s landmark industry events, which is organised by the Public Authority for Mining (PAM) and is open to trade visitors until Wednesday. The event offers an international platform to showcase current industrial projects that will attract local and international mining firms to invest in the sultanate as well as products, services, technology and equipment related to mining operations.
The event is accompanied by a high-level conference focusing on the growth strategies in the mining sector, new mining laws and regulations, case studies on Saudi Arabia and South Africa’s mining industries, project financing and investment opportunities in Oman.
Another key highlight of the event was the launch of PAM website and its visual identity. PAM also announced the plan to undertake a rebranding exercise in near future to create awareness about the contribution of mining sector in overall economic diversification plan of the sultanate.
Delivering a welcome address at the inauguration ceremony, H E Hilal al Busaidi, CEO of PAM said, “Oman’s mining sector could play a crucial role in economic diversification plan as it has the potential to create jobs for local youths. PAM has realised the importance of this sector and has helped the government in bringing the new mining law that will help boost investments in the sector. We have adopted best international practices and the new mining law would be more investor friendly.”
Eng Adel Saqer al Saqer, director general of Arab Industrial Development and Mining Organization also addressed the gathering as a keynote speaker. He said Arab nations are blessed with mineral resources and now it is the time for adopting favourable legislations to boost investments in this sector.