Oman’s Consul General Sami Abdullah Salim Al Khanjari has offered an invitation to Pakistan’s business community to search for potential investment opportunities with Oman – with a particular focus on the country’s petrochemical sector.

The invitation was revealed by Al Khanjari during a meeting that included a group headed by Pakistan Chemicals and Dyes Merchants Association (PCDMA) chairman Salim Valimuhammad.

During a speech made at the event, Al Khanjari noted that joint ventures and business agreements between Pakistan and Oman in the petrochemical sector would strengthen economic ties and improve trade. He continued to extend an official invitation to the PCDMA delegation to continue exploring Oman’s various industries – as well as participate in business meetings with Omani traders.

The chairman also provided a general overview of Pakistan’s chemicals and dyes sector and invited the delegation to consider and exchange programme between the two countries.

Both sides agreed that increased bilateral trade would help expand their respective economies.

For Oman, a deal with Pakistan could help boost existing projects – particularly the upcoming Duqm petrochemical complex, which is expected to be located in Oman’s Duqm Special Economic Zone (SEZ). The plant’s feasibility study is set to be completed this year, according to comments made during an interview with ICIS by OQ’s vice president for business development Sultan Al Burtamani.

Deals focused on petrochemicals could help expand sales made by the plant, or indeed, boost feedstock supplies.

The facility is slated to be developed as a joint venture (JV) between petrochemicals major Saudi Arabia Basic Industries Co. (SABIC), Kuwait Petroleum International (KPI) and OQ.

In an interview in 2024, Al Burtamani noted that Oman was aiming to “maximise the value of hydrocarbons” within its borders and highlighted that OQ was currently “studying this project together with [its] other partners”. He continued: “Hopefully in the coming months we’ll get clarity on how we will be moving the project to the next stage”.