Cebu-Oman Investment Forum Strengthens Bilateral Relations and Economic Opportunities
Key Ideas
- The Cebu-Oman Investment Forum in Cebu City fostered stronger ties between the Philippines and Oman, emphasizing trade, tourism, and investment opportunities.
- Oman highlighted its economic shift towards green hydrogen and renewable energy projects, aiming to attract $140 billion in clean energy investments by 2050.
- Cebu's dynamic economy, strategic location, and diverse sectors like tourism, manufacturing, and technology were showcased as attractive for investors from Oman.
- The event showcased a commitment to long-term cooperation and inclusive growth, with discussions on enhancing the investment climate and attracting high-value investments.
The Cebu-Oman Investment Forum in Cebu City served as a significant platform for fostering stronger bilateral relations between the Philippines and Oman. Lapu-Lapu City Lone District Representative Junard “Ahong” Chan warmly welcomed the Omani delegation, emphasizing the potential for a high-quality relationship focused on trade, tourism, and investment. Oman's Deputy Director for Investment Promotion highlighted the country's economic shift towards green hydrogen, solar, wind energy, and eco-tourism under Vision 2040. The event aimed to attract $140 billion in clean energy investments by 2050, creating job opportunities and global partnerships. Cebu's economic potential, with key sectors like tourism, manufacturing, and technology, was presented as ripe for Omani investors. The forum underscored a commitment to long-term cooperation, inclusive growth, and enhancing the investment climate through crucial reforms. Overall, the sentiment towards hydrogen and renewable energy was positive, with a focus on building a sustainable economy.