Brunei investors reach out to Oman

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Muscat oman
Muscat, Oman’s capital

Oman Brunei Investment Co (OBIC), a joint venture between the governments of Brunei and Oman, is looking forward to investing heavily in Oman’s private sector.

“In 2013, we are looking at several projects and acquisitions in sectors including hospitality, education, oil and gas, minerals and mining,” Shahram Hashemi, senior investment manager with the private-equity firm, was quoted as saying by the Muscat Daily.

“These are the four areas we are very keen on investing in. We are looking for good investment opportunities in the private sector, to create jobs and drive long-term growth,” he added.

OBIC  had recently acquired a majority stake in mobile virtual network operator Renna Mobile.

“The marketing campaign for Renna’s new data plans has been launched and the initial response of customers has been great. The company has not been active for a long time in the market and hence it will take some time for it to grow. But we still expect to break even, maybe within two years,” said Hashemi.

“For Renna, the next 12 months are important, first to get back into the market and then to let people know that it is back,” he added.

On plans for further expansion in Oman, Hashemi said, “This year we will continue with our expansion plans within the sultanate that includes growing the business, getting more distributors and getting into more retail outlets. Our main focus this year would be on improving our operations in Oman.”

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Reading Time: 1 minute

Muscat, Oman’s capital

Oman Brunei Investment Co (OBIC), a joint venture between the governments of Brunei and Oman, is looking forward to investing heavily in Oman’s private sector.

Reading Time: 1 minute

Muscat oman
Muscat, Oman’s capital

Oman Brunei Investment Co (OBIC), a joint venture between the governments of Brunei and Oman, is looking forward to investing heavily in Oman’s private sector.

“In 2013, we are looking at several projects and acquisitions in sectors including hospitality, education, oil and gas, minerals and mining,” Shahram Hashemi, senior investment manager with the private-equity firm, was quoted as saying by the Muscat Daily.

“These are the four areas we are very keen on investing in. We are looking for good investment opportunities in the private sector, to create jobs and drive long-term growth,” he added.

OBIC  had recently acquired a majority stake in mobile virtual network operator Renna Mobile.

“The marketing campaign for Renna’s new data plans has been launched and the initial response of customers has been great. The company has not been active for a long time in the market and hence it will take some time for it to grow. But we still expect to break even, maybe within two years,” said Hashemi.

“For Renna, the next 12 months are important, first to get back into the market and then to let people know that it is back,” he added.

On plans for further expansion in Oman, Hashemi said, “This year we will continue with our expansion plans within the sultanate that includes growing the business, getting more distributors and getting into more retail outlets. Our main focus this year would be on improving our operations in Oman.”

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