Bank Muscat used the opportunity to organise a series of meetings to highlight its role in promoting small and medium enterprises (SME) sector in Oman and also held one-on-one meetings with Maltese companies to discuss joint cooperation in the field of entrepreneurial pursuits.
According to a Bank Muscat press release, the bank made a presentation on its Al Wathbah SME services at the OCCI, which was attended by the Malta business delegation and Omani SMEs. The presentation highlighted the sultanate’s favourable investment climate covering various sectors and the thrust on SME development in which Bank Muscat plays a key role.
The bank also hosted the Maltese business delegation at its head office as part of a memorandum of understanding (MoU) to promote joint entrepreneurial initiatives between counterparts from the two countries. Facilitating unique SME opportunities, Bank Muscat also arranged B2B meetings between Maltese companies and its SME customers.
Fatma al Maskiry, AGM – SME credit, marketing and regional corporates at Bank Muscat, said: “The visit of the Malta business delegation to Oman marks an important development in the joint investment, trade and business relations between Oman and Malta. In pursuance of the private sector role in the economic development of Oman, Bank Muscat is proud to support entrepreneurial initiatives between counterparts in Oman and Malta. Ever since Oman and Malta embarked on the joint pursuit of strengthening trade and investment relations, Bank Muscat has been closely involved in these developments.”
Reciprocal visits between delegations of the two countries are regularly done in which Bank Muscat is closely involved to facilitate joint collaboration in entrepreneurial initiatives. The major attractions of Malta, which connects Europe with African markets as an offshore financial centre, include world class facilities in ports, logistics and education. Malta offers key facilities to Omani business community, particularly SMEs, to tap European as well as African markets.
Malta’s successful SME initiatives cover sectors of education, real estate, information communication technology, waste management, consultancy, home décor and fine arts.