Oman, Iran explore boosting trade exchange, supporting private sector

Tehran: Hossein Selahvarzi, Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture received here today Ibrahim Ahmed Al Mu’aini, Ambassador of the Sultanate of Oman to the Islamic Republic of Iran.

During the meeting, the two sides explored means of enhancing economic relations, boosting trade exchange and highlighting promising sectors in Oman. They also reviewed areas of joint business cooperation in the fields of industry, banking, food, tourism, health and mining. Investment opportunities in the Iranian market were also explored during the meeting.

Al Mu’aini said that special incentives are offered for foreign businesspeople in general and Iranian businesspeople, in particular, to invest in Oman.

He pointed out that the volume of trade exchange between the two countries reached OMR2 billion. He also underscored the importance of developing business and economic relations between Oman and Iran.

On his turn, Selahvarzi said that the trade exchange between the two countries recorded a 40 per cent growth this year, compared to the corresponding period in 2022. He also affirmed the readiness of Iran’s Chamber of Commerce, Industries, Mines and Agriculture to expand economic cooperation with the Sultanate of Oman, in addition to supporting the private sector of the two countries.

Selahvarzi announced that the 20th session of the joint Oman-Iran committee will be held in Tehran during the coming period.