Oman’s Public Establishment for Industrial Estates, Madayn has signed a Memorandum of Understanding (MoU) with China-based Shandong Shanzuo Holding Group to develop and promote strategic cooperation in diverse areas that serve the interests of the two sides.
The MoU, signed remotely by Mr. Hilal bin Hamad Al Hasani, CEO of Madayn, and Ms. Lillian Shi, CEO of Shandong Shanzuo Holding Group, focuses on mutual promotion to encourage investments in both countries and to develop projects that contribute to attaining economic growth.
The agreement also aims to boost cooperation in import and export activities between Oman and China, offer support in carrying out related commercial businesses, as well as ensure the provision of administrative and logistical support for the businesses.
Commenting on the agreement, Mr. Al Hasani stressed that this strategic MoU comes in line with Madayn 2040 Vision priorities, especially related to strengthening Public-Private Partnership, attracting more foreign investments into Oman, and fostering international cooperation.
Hilal bin Hamad Al Hasani CEO – Madayn
“The MoU aims at strengthening strategic cooperation between Madayn and Shanzuo Group, exchange information, organize visits for investors from both sides, and explore business opportunities in both countries for the investors. Moreover, we will provide the investors with all necessary information and incentives they need to set up projects in Oman and China.”
In line with the MoU, Shanzuo Group will also offer Madayn with free-of-the-charge display area in the Demonstration Park, office space in Hanyu Gold Valley, market consultation services in China, encouragement of Chinese companies to invest in Oman. The group will also promote Madayn and its brand to the Chinese companies and market, and recommend expert teams to handle other commercial services that Madayn requires in China.
On her part, Ms. Shi said, “As Shandong Shanzuo Holding Group, we strive to be a comprehensive multi-national corporation through the delivery of high-profile international business services. Besides, we look forward to implementing this strategic partnership and promoting projects in both Oman and China to facilitate the way to Chinese businesses to set up projects in Oman and vice versa.”
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