GLOREI reaffirms its commitment towards Oman Capital Markets Forum 2011

GLOREI  reaffirms its commitment towards Oman Capital Markets Forum 2011

The Global capital markets are still in the recovering stage from the ups-and-downs caused by the European and American financial crisis coupled with some sharp reversals in oil prices.

Backed with the aspiration of diversifying the stock index further in line with the Sultanate’s Vision 2020 which tries to expand the economy away from pre-dominant oil revenue stoked growth to other avenues such as gas and LNG, tourism and travel and industrial development, the Global Omani Development & Investment Company SAOC (GLOREI) announced its participation for the 2nd consecutive year at the 2nd Oman Capital Markets Forum 2011 (OCM) as a Silver Sponsor.

Speaking about the significance of GLOREI’s participation at the 2nd Oman Capital Markets Forum 2011, Mohammed Al Ghassani, Chief Executive Officer at GLOREI, commented: "The event will provide an excellent opportunity for GLOREI to discover emerging opportunities in the capital market sector. At the same time, the event will be an outstanding occasion to learn from the experts coming from around the region on the region’s investment growth and potential."

Al Ghassani added, "We, at GLOREI, endeavour to be consistent in our company’s growth, to provide comprehensive real estate solutions for our targeted segments, and to expand our projects geography to cover all parts of Oman. Keeping strong commitment on quality in all our work and maintaining international standards in all operations have always been GLOREI’s fixed commitment towards our community."

When asked about the current financial crisis which is being experienced worldwide, Al Ghassani had this to say, "We feel that the MSM based on fundamentals alone should be able to ride this rough storm of global economic upheaval but there is a need for robust Government intervention in the markets through injection of liquidity to support price levels and to bolster stocks having strong growth prospects and strong underlying fundamentals."

"The global economic recovery is the key to the ailing capital and financial market conundrum and a synergistic and coordinated effort of the global economic players is needed to rectify the faults and weaknesses currently inherent in these global economic powerhouses which latently and actively affect the regional smaller and emerging markets like Oman," he pointed out.

Organized by OITE Conferences, the 2nd Oman Capital Markets Forum 2011 will be held in association with Muscat Securities Markets and Capital Markets on 3 – 4 October 2011 at Al Bustan Palace, A Ritz-Carlton Hotel.