MUSCAT, 19 January 2015 - Bank Muscat, the flagship financial services provider in the Sultanate, in pursuance of the private sector role in the economic development of Oman, led a successful business delegation to Malta to explore investment and trade opportunities between the two countries. The delegation led by AbdulRazak Ali Issa, Chief Executive, visited the Mediterranean island nation connecting Europe with African markets from 12 to 15 January.
Oman enjoys growing trade relations with Malta which is a strategically located offshore financial centre with world class facilities in ports, logistics and education. During the visit, the delegation comprising representatives from key sectors met H.E Joseph Muscat, the Prime Minister of Malta, the Governor of the Central Bank of Malta and high-level officials of Malta Freeport, Malta Financial Services Authority, Fimbank and Grand Harbour Regeneartion Corporation.
AbdulRazak Ali Issa said: “The visit of the Omani business delegation to Malta marked a successful exercise to explore investment and trade opportunities between the two countries. Oman is a forward looking nation that is proud of its friendly relations with countries across the world. Given the structural shift in the way how international trade and investment works due to globalisation, Oman seeks to explore new opportunities for mutual economic benefits and strengthening of friendly ties. Bank Muscat looks forward to embarking on a new frontier of mutually beneficial association with counterparts in Malta, thereby contributing to strengthening of relations between Oman and Malta. Based on the findings of the delegation, possible avenues for investment and trade will be identified and an appropriate strategy formulated for initiating potential trade and business relations between Oman and Malta."
Bank Muscat is very active in trade finance and financial institution (FI) business, with FI risk appetite covering prominent countries in Asia as well as parts of Africa. Bank Muscat is among few GCC based banks in a position to provide customers and counterparts pan-GCC coverage. With direct and indirect presence in all the GCC states, Bank Muscat is uniquely positioned to serve their requirements in the GCC region.