Oman and Egypt’s ministers discussed enhancing trade and investment cooperation. They emphasized revitalizing the Omani-Egyptian Businessmen Council and diversifying trade opportunities. The aim is to foster joint investments and encourage the private sector to explore promising prospects.
The Minister of Commerce, Industry and Investment Promotion of Oman, H E Qais bin Mohammed al Yousef, engaged in discussions with Dr. Badr Abdel Aati, Egypt’s Minister of Foreign Affairs, Immigration and Expatriates Affairs, during a recent visit to the Sultanate. Their meeting focused on potential avenues to enhance bilateral cooperation in trade and investment between Oman and Egypt. Both officials emphasized the significance of revitalizing the Omani-Egyptian Businessmen Council, which plays a crucial role in fostering economic relations. They further deliberated on the necessity to diversify trade exchanges among various sectors and to stimulate joint investments, encouraging private sector entities to seek out promising opportunities for collaboration.
Oman and Egypt have long-standing historical ties bolstered by cultural, economic, and political relations. With the evolving global economic landscape, the two nations see a strategic advantage in deepening their collaboration in trade and investment. The establishment of the Omani-Egyptian Businessmen Council serves as a vital mechanism to facilitate and promote bilateral projects, aiming to harness mutual economic benefits and stimulate growth. This latest meeting highlights the commitment of both countries to expand their economic partnership.
In summary, the meeting between the Omani and Egyptian ministers marks a significant step towards strengthening economic cooperation between the two nations. By focusing on activating the Omani-Egyptian Businessmen Council and diversifying trade products, both countries aim to unlock new investment opportunities and enhance bilateral economic relations, thus positioning themselves favorably in the global market.
Original Source: www.zawya.com
