Oman, promising market for Thai fishery, tourism
Oman-Thailand, Economics, 5/15/2001

Oman appears to be a new promising market and a key investment base of Thai business persons and investors, as the oil-rich country is opening its door wider to welcome foreign trade and investment, Thai news agency (TNA) reported.

Realizing that its crude oil reserve would be depleted over the next 20 year, the Gulf state was exploring other sectors on which its economy could rely in the future, and was opening its door wider to embrace more foreign trade and investment.

The move would also benefit Thai business persons and investors eyeing a new promising market and investment base, it stated.

Thailand imports the largest amount of oil from Oman; while Thai exports to the Arabian country are still minimal, resulting in unbalanced trade between the two countries.

Oman's new move should benefit Thai business persons and investors waning to explore new opportunities in in the country, particularly in the fishery and tourism industries.

Thai business persons and investors should, however, study Oman's local cultures, ways of life, as well as rules and regulations to facilitate their planned business and investment projects in the Gulf state.

Previous Stories:
  Morocco, Oman agree to encourage investments   (5/10/2001)
  New department in Oman to promote investment   (4/25/2001)
  Oman's Telecom Minister in Morocco   (4/17/2001)
  Oman to set up oil trade center in Thailand   (2/24/2000)

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