The very first step that the Oman Chamber of Commerce should take towards resolving the issue is to develop a better outlook for foreign investors. A new range of benefits should be developed to investors who come to work within Oman. In addition, it should be ensured that foreign organisations willing to work with the Oman Chamber of Commerce don’t have to comply with strict guidelines which can take control over them whenever the government wants. Giving control to foreign firms is more than just a little important for foreign companies. It can be said that various international firms operate in a specific region when they know that they have substantial control over their operations. For instance, if a firm knows that it will be forced to change locations or increase its security over time in a certain region, it will never work in that country. Thus, increased control can attract foreign organisations and also assure that they have the power of making decisions for themselves. So, it is quite important for Oman Chamber of Commerce to work closely with the concerned authorities of government and make policies, which are more suitable for foreign organisations. It means that foreign organisations should be facilitated in best possible manner. It is a fact that ease of doing business ranking is an important indicator for foreign investors to understand that certain country is facilitating its investors. If ease of doing business parameters is in bad numbers, then things will never be in favour of such country or region.

It is renowned that financial difficulties are being faced by Oman. The military of Oman is smaller than the rebel Houthi forces. Until now, retribution hasn’t been suffered by Yemen from Houthis for helping the Hadi government. However, making an open defence against the AQAP will need increasing the security of the border. The issue is that along with the costs which are incurred by participating in the coalition. The expenses of Oman will only rise, and this is an important issue as military spending is already accounting for 11.5 percent of the gross domestic product. From an international perspective, the possibility of war is always threatening the nation, and it is not easy for foreign firms to operate in a nation where such a risk is prevalent. War crisis is something, which destroys social and economic fabric of a society. The infrastructure is devastated, and huge losses can be incurred, if war crisis arises. Such conditions are never suitable for foreign direct investment. If Oman wants to stay away from these problems, then they will have to come up with a proactive approach, where they peacefully sort out their internal matters, otherwise worst economic and political circumstances will cost them in so many ways.

The second step that should be taken by Oman Chamber of Commerce is to ensure that foreign organisations are not affected by such a national condition. For instance, if foreign firms are assured that they have more control, and they can leave the nation without having to suffer from drawbacks, it can attract more foreign investors. In addition, more security policies should be developed by the Oman Chamber of Commerce with the aim of protecting the rights of foreign organisations. For instance, a policy can be formulated which protects organizations from any kind of social riot occurring in the nation. It can serve as a bridge of trust among companies and the OCC. Evidently, when organisations and investors come to know that their rights are being protected in Oman and even though the political environment is not that stable, they are still being offered several advantages, they will cooperate with the OCC.

The last step that should be taken by OCC is to think about mutual benefits rather than individual advantages. It will help in retaining organizations and also making long-term plans with them so that not only the OCC can achieve better outcomes but the national economy can also be benefitted. Oman needs to realise that investors are important for their economy and growth, so it is basically a mutual relationship. They need to do every possible thing to facilitate foreign investors, and government should ensure that policy and rules are favourable for investors. These are the steps that must be taken by the OCC (Burger, et al., 2013).

References of The Solution to the Problem of Identifying Strategic Issues in Oman Chamber of Commerce and Industry

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