Oman, 28 March, 2025 : The partnership between Oman and Japan continues to drive economic diversification and development, reinforcing their shared vision for progress. With bilateral trade reaching $2.71 billion in 2022, Japan remains a key partner in Oman's journey, contributing to infrastructure projects and vital sectors such as energy, logistics, and tourism.
As Expo 2025 Osaka approaches, Omani businesses have a unique opportunity to expand into global markets, fostering innovation and investment. Renewable energy collaboration is a major focus, with Oman’s green hydrogen ambitions aligning with Japan’s expertise in clean energy technology.
Tourism is another promising sector. Oman's natural beauty and cultural heritage, combined with Japanese investment, could attract more visitors. Efforts to establish a visa waiver program further support this initiative, enabling businesses to enhance hospitality and tourism offerings.
The $400 million Gulf Japan Food Fund opens doors for Omani agribusinesses, building on the success of Omani green beans dominating 90% of Japan's winter market. In technology, a recent semiconductor cooperation agreement between the Oman Investment Authority and Japan’s Ministry of Economy signals potential for tech partnerships and advanced manufacturing.
Oman’s strategic location and logistics infrastructure make it a vital regional trade hub, with Japanese investment poised to boost connectivity. Omani businesses can seize these opportunities by enhancing logistics services and integrating into global trade networks.
To succeed, businesses must understand Japanese business practices, meet strict quality standards, and invest in skilled talent. Organizations like the Oman-Japan Friendship Association (OJFA) and Japan Cooperation Centre for the Middle East (JCCME) offer valuable support.
With Japan’s technological expertise and Oman’s strategic assets, this collaboration is set to accelerate economic growth. Now is the time for Omani businesses to engage, innovate, and capitalize on Japan’s market, contributing to Vision 2040 and a prosperous future for both nations.
Source : www.zawya.com
