Q: In this insightful interview, we engage Mr. Ali Daud, the chairman of AmCham Oman, and Daud Group of Companies as he delves into the strategies that have shaped his endeavors.
A visionary leader, Mr. Daud has been at the forefront of fostering connections between nations and leveraging these ties for economic growth. As we explore his perspectives, we gain a profound understanding of the significance of commercial partnerships and the future prospects for the Daud Group of Companies in Oman and beyond.
One World Media: As the founder and chairman of AmCham Oman how have you
sought to build the connections between the two nations?
I believe through goodwill we continue to build on our strong relationship with the US. This is exemplified through Oman establishing an FDA with the US thirteen years ago, being one of the four countries in the MENA region to have this agreement. It has shown its benefits with Oman being in a tradesurplus with the US, and our diplomatic ties furthering that commitment to trade in the future. This allows companies from all over the world to set-up here and be treated as an Omani company, accessing the US market with the perks of no import duties and free ownership. These conditions are excelled by enjoying Oman’s diplomatic and strategic position of having a neutral stance that gives reassurance against any potential embargoes.
Q: What do you believe will be the key sectors to thrive under Vision 2040?
I believe tourism and agriculture could be huge in Oman. We have a beautiful coastline, mountains, wadis and deserts. This can act as a catalyst for major job creation through the tourism industry. In addition to this, the coastline provides opportunities for fisheries in the Indian ocean, whilst another sector the government is facilitating is mining. So there is a lot of excitement within Oman’s future development.
«I believe tourism and agriculture could be huge in Oman. We have a beautiful coastline, mountains, wadis and deserts.» Ali Daud
« So there is a lot of excitement within Oman’s future development. » Ali Daud
Q: How important will attracting skilled labour be to fulfil Oman’s development goals?
As industries lend themselves to creating jobs we will require all levels of expertise, and as a young nation this requires a mix. We can only benefit from importing expertise from outside Oman as this is how a transfer happens.
Q: To what extent have commercial partnerships contributed to the achievements of the Daud Group of Companies?
We have utilised the expertise from foreign partners and the franchises that we have. This in turn allowed us to diversify our portfolio through various franchises and be geographically spread across sectors. Therefore we are agile to deal with shocks, as if one business suffers another can make up for it.
Q: What are the Daud Groups future expansion plans within Oman’s and the region?
To continue expanding the business we already operate in and keep on the lookout for new interesting business opportunities-this is part of our DNA. We are well positioned to take advantage of the FDA with the US and will continue to do so. Furthermore, we know Oman’s local nuances, can navigate online and have experience in various sectors enabling us to make successful partners with any foreign country.
Q: What would your message be to Fortune readers considering visiting and investing in Oman?
You are welcome. You have access to the west and the east, to the US market through the FDA, as well as the Gulf, Indian and African markets. This is supported by excellent infrastructure in ports, roads, airports and the safety of being in a country like Oman.
« To continue expanding the business we already operate in and keep on the lookout for new interesting business opportunities-this is part of our DNA. » Ali Daud