In a meeting with the Under Secretary of the Ministry of Commerce & Industry of Oman Ahmed Hassan Al-Dheeb, Nepali Ambassador to Oman Sarmila Parajuli Dhakal briefed about all the latest developments in Nepal across various fields.

According to a press release, Dhakal explained that Nepal is on path towards economic development through industrialization.

Dhakal also informed Nepal’s move towards policy reforms related to foreign investment, Public-Private Partnership (PPP), industrial enterprises, economy, Special Economic Zones (SEZs), labor, mining, Intellectual Property (IP), banking, FDI provisions and repatriation of industry and commerce and capital to encourage foreign capital and technological investment.

He further highlighted Nepal’s advantage of having duty-free market access in the EU and American markets for almost 66 Nepali products.

In response, Al-Dheeb expressed Oman’s willingness to collaborate with Nepal in various sectors related to industry and commerce.

Both the sides also discussed export-oriented industries in Nepal. The Omani official welcomed Nepali businesspersons to bring Nepali products to Oman.

In this regard, he also expressed his readiness for organizing a Oman-Nepal business conference to set up business interactions between Omani buyers and Nepali exporters and businessmen.

The two sides also discussed investment in various agriculture, infrastructure, manufacturing and hydropower sectors of Nepal.

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Nepal and Oman yesterday discussed bilateral cooperation in various sectors as part of the Nepali Prime Minister Sher Bahadur Deuba’s visit to the latter country.

As part of his four-day to Oman, PM Deuba held a meeting with Omani Deputy PM Sayyid Fahad bin Mahmood Al-Said at the Royal Palace in the Omani capital Muscat yesterday.

As part of the discussion, PM Deuba sought Oman’s assistance for the development of tourism, health, agriculture and hydropower sectors of Nepal.

“We are on the verge of ending the transitional phase. Nepal will soon become a perfect destination for foreign investors and we hope Oman will invest in Nepal,” said PM Deuba.

In response, Omani Deputy PM informed that Oman will open a consulate in Nepal owing to Nepal’s significant strategic importance.

According to the Nepali Ambassador to Oman Sharmila Parajuli Dhakal, Oman Deputy PM expressed willingness to strengthen ties with Nepal by opening its embassy in the latter country.

“Nepali migrant workers in Oman have made a good impression. Oman will open a consulate in Nepal as it carries a significant strategic importance,” said Oman Deputy PM.

Omani Deputy PM also said that Nepali people would be in their utmost priority owing to Oman’s requirement of more human capital for development.

Creation of employment for Nepalese in Oman and mechanisms to protect their interest were among other issues discussed, informed Ambassador Dhakal.

Around 15,000 Nepalese are currently in Oman, mostly engaged in the hotel sector and domestic services.

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