May 18, 2020

Introducing Oman's new business hub

omran
Oman business hub
Madinat Al Irfan
Omran’s CEO James Wilson
Bizclik Editor
3 min
Introducing Oman's new business hub

Madinat Al Irfan will become Oman’s bespoke central business hub – that is the plan of Omran, the country’s leading development company.

And what is Omran doing to make this plan a reality?

It is making significant investment opportunities available, with the release of ten major land plots at the urban development. The aim is to encourage new and existing businesses, especially in the fields of oil and gas, banking, aviation, and logistics, to see the potential of this location as a viable hub for their regional operations.

Speaking about the new investment opportunities, Omran’s CEO James Wilson said: “We envision Madinat al Irfan to set a benchmark for contemporary city planning and provide an exciting addition to Muscat’s new lifestyle offering modern Arabic homes that are designed to meet the needs of modern family living but with the qualities of Oman’s cultural and architectural values.

“We are benchmarking against world renowned companies such as google Inc and others successful case studies that have set new standards in innovative business environments and working cultures. Through Omran, Oman’s government has made a significant investment on laying a platform for Madinat Al Irfan to be world-class smart city a model in how public authorities and the private sector can work together to deliver such an ambitious and forward thinking project.”

On completion, Madinat Al Irfan, will be a city within a city.  It is being developed on a site extending to over 7.4 million square metres, and will have business parks, hospitals, schools, mixed housing and strategic link and transport to Muscat International Airport.

Wilson added: “The government has now entrusted Omran to deliver Oman’s vision in setting new standards of urban development and developing the new urban city of the capital. the plan is now set and ready. It is the now the role of the private sector to build on this vision and grasp the unique investment offerings of this city.

“Some of the biggest companies in Oman, such as Omran and Omantel, have already announced that they will relocate their headquaters to Madinat Al Irfan. discussions with a number of leading Omani companies such as Oman Air are also being progressed with great interest.”

Salah Al Gahzali, Chief Investment Officer added : “Oman has lots to offer for local and global investors and Madinat Al Irfan is our jewel in the crown. The development is being designed to integrate the needs of modern business and lifestyles.

“With the integration and mobility of the right mix of an urban city, the prescient will also be home to international private hospitals, school, hotels and not to mention a state of the art exhibition and convention center for meetings and networking opportunities all within the immediate reach of hundreds of employees who can chose to spend their day to day working activities that will have access to quality working lifestyle. This is why Madint al Irfan is set to be Oman’s and the region’s new business hub for leading organisations.”

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Jun 11, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
Sustainability
G7Summit
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve, in terms of sustainability and global trade

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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