Saturday 05 / October / 2024
Muscat: Oman Chamber of Commerce and Industry (OCCI) has been making necessary efforts to further strengthen the economic relations between the Sultanate of Oman and the United Republic of Tanzania.
These efforts included encouraging investments and showcasing the available investment opportunities, holding seminars and organising economic forums to encourage contact and interaction between Omani businessmen and their Tanzanian counterparts among other things.
Redha bin Jumah Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI) said that the current official visit of President Samya Suluhu Hassan of the United Republic of Tanzania to the Sultanate reflected the keenness of the leaderships of both the countries for further development of the strong historic relations between the two countries in light of the cooperation in the various spheres established during the past decades.
He said in a statement to Oman News Agency that the total bilateral capital investment stood at OMR8.320 million of which OMR1.899 million represented the contribution of the Tanzanian side.
He also called for further efforts to expand the cooperation between the two countries to cover other sectors including the logistics services sector at the time Oman aspires to benefit from the geographic location of Tanzania to become an access to the markets of countries in Africa and beyond.
This cooperation would make Tanzania the gateway for transit of African products to the emerging markets in the GCC States apart from East Asian countries, he said.
Oman Vision 2040 encompasses advantages and enablers to a number of sectors in the private sector including the sectors of industry, agriculture, fisheries, mining, tourism, education, renewable energy and information technology, which together and individually represent opportunities for expanding cooperation between the private sectors of the two countries, he said adding that the visit would drive cooperation for achievement of the joint interests of the two countries.
The deep-rooted relations and the history of trade between the two countries are factors for making more efforts towards enhancement of exchange of trade and investment between the two countries, he said.
