Saturday, August 10, 2024

Nepal urges for Omani FDI

 Kathmandu, Aug. 7

Nepal has requested Oman to explore investment opportunities in Nepal including in hydropower and tourism sectors.

During the first meeting of the Bilateral Consultations between the ministries of foreign affairs of Nepal and the Oman held in Muscat, on Wednesday, Foreign Secretary Sewa Lamsal urged the Omani delegation to consider establishing Embassy of Oman in Kathmandu to further consolidate the long-standing relations.

She also stressed the exploration of the untapped potential in economic, cultural and educational areas and proposed to establish meaningful collaborative partnership including in the private sector with Oman.

Foreign Secretary Lamsal led the Nepali delegation to the meeting while Omani side was led by Sheikh Khalifa bin Ali bin Issa Alharthy, Undersecretary for Political Affairs of Oman, the Embassy of Nepal in Mascot informed in a statement.

During the meeting, the leaders of the delegation reviewed the bilateral relations and expressed satisfaction on the excellent state of relations existing between Nepal and Oman since 1977.

They discussed the bilateral relations and agreed to promote cooperation encompassing all sectors, especially the exchange of high-level visits, trade, investment, economic cooperation, agriculture, energy, tourism, labour and foreign employment, culture, education and direct air connectivity.

Similarly, they expressed firm commitment to further enhance partnership in mutually agreed areas and to work together toward realising economic opportunities for mutual benefits apart from creating more opportunity to promote people-to-people engagement.

More than 21,000 Nepalis are currently working in Oman. Lamsal requested the Omani government to provide additional opportunities.

Undersecretary Sheikh Khalifa expressed willingness to promote the cooperation between Nepal and Oman in all the mutually agreed sectors and hoped to conclude the pending MOUs.

According to the Embassy, he underscored the potential of the bilateral relationship and emphasised upon working together to realising the actual benefits and also mentioned about the positive and hardworking nature of Nepali workers.

Both sides also expressed commitment to cooperate with each other at various multilateral forums including the United Nations.

The Nepali delegation also comprised of Dornath Aryal, Ambassador of Nepal to Oman, Joint Secretary Sharad Raj Aran, Head of the Central Asia, West Asia and Africa Division of the Ministry of Foreign Affairs and other officials from the Ministry and the Embassy.

Likewise, the Omani delegation consisted of the Ambassador Dr. Mohammed Bin Ali Al Balushi, Acting Chief of Asia Pacific Department and other officials from the Foreign Ministry.

Earlier on Wednesday morning, Lamsal paid a courtesy call on Dr Mahad bin Said bin Ali Baowain, Minister of Labour of Oman. Matters related to the mutual cooperation including MoU in the field of Labour and Manpower Exchange, employment opportunity, among others were discussed in the meeting with the minister, reads the statement.

Nepal-Oman Bilateral Consultations Mechanism was established in 2017, and the next meeting will be held in Kathmandu on mutually convenient dates.

Published in The Rising Nepal daily on 8 August 2024.        


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