Muscat (IP) – Iranian Minister of Industry, Mine, and Trade, and Omani Foreign Minister met in Muscat on Tuesday to discuss bilateral relations.

Iran PressMiddle East: Reza Fatemi-Amin has traveled to Oman with the intention of advancing the Iranian administration’s policy of establishing closer ties with neighboring countries.

During the meeting between Fatemi-Amin and Badr bin Hamad bin Hamood Al Busaidi, Iranian Minister of Industry, Mine, and Trade said the two countries have close relations, adding: "We have long-standing relations based on friendship and mutual closeness with Oman, which will pave the way for the promotion of trade relations."

The Omani foreign minister, for his part, announced Muscat's readiness to boost trade and economic relations with Tehran.

Meeting with Minister of Commerce, Industry and Investment Promotion

Fatemi-Amin also had a meeting with Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.

The meeting highlighted projects of economic diversification that are ready for investment. It also reviewed areas of trade and economic cooperation of common interest.

The meeting also explored ways of boosting trade exchange to increase the entry of goods and services between the two countries.

Oman-Iran business forum explores investment opportunities, incentives

The Oman-Iran Business Forum, organized by the Oman Chamber of Commerce and Industry (OCCI), discussed investment opportunities incentives provided by the Sultanate of Oman to investors as part of a media initiative launched by the OCCI.

The forum is convened on the sidelines of the current visit of an Iranian trade delegation to Oman under the auspices of Mohsin Zarabi, Chairman of the Oman-Iran Joint Chamber of Commerce.

Ridha Jumaa Al Saleh, Chairman of the OCCI, said that commercial exchange between Oman and Iran by the end of June 2020 stood at $306,043,454. The figure comprises Omani exports worth $175,207,219 and Iranian imports of $130,836,260. He described the opportunities available in sectors of Oman Vision 2040 as promising and capable of opening vistas for firms operating in the industry, mining, food security, and health.

For his part, Dhrabi emphasized the importance of promoting economic ties and augmenting the volume of commercial exchange to serve the two countries' interests.

He added that such meetings assume significance for the rapprochement of views among companies from both sides.

The forum saw the screening of visual displays, notably about the industrial estates in Sohar, Salalah, Al Mazyouna, and the Special Economic Zone in Duqm and the advantages offered by the strategic location of each estate.

The two sides mulled the conclusion of agreements and partnerships to help expand bilateral cooperation.


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