Monday 22 / December / 2025
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, received on Monday Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry of the Arab Republic of Egypt.
The meeting reviewed ways to activate bilateral investments between the Sultanate of Oman and the Arab Republic of Egypt. This aims to facilitate the access of Omani products to African markets and leverage the Common Market for Eastern and Southern Africa (COMESA) agreement, enhancing opportunities for trade and investment expansion and supporting the interests of both sides.
The two sides discussed the potential for achieving industrial integration in several promising fields, to maximize the benefits from the Greater Arab Free Trade Area agreement.
Both sides appreciated the efforts made to expedite the completion of Memoranda of Understanding regarding the unification of acceptance requirements for goods, products, and services, as well as the field of anti-dumping, subsidies, and safeguards. This aims to achieve common goals and strengthen pathways of economic and industrial cooperation between the two countries. They also agreed to organize an economic forum in coordination between the Chambers of Commerce in the Sultanate of Oman and the Arab Republic of Egypt.
The meeting was attended by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry and Yasser Mohamed Ahmed Shaaban, Ambassador of the Arab Republic of Egypt to the Sultanate of Oman.
On a separate occasion, Qais Mohammed Al Yousef met with some Egyptian businesspersons. During the meeting, they reviewed the investment opportunities available in the Sultanate of Oman, as well as current and future projects. This contributes to enhancing economic and industrial partnerships between the two sides, supporting the expansion of joint commercial activity, and augmenting the volume of trade exchange between the two countries.
Al Yousef emphasized the importance of transitioning Omani-Egyptian economic relations to broader horizons based on joint manufacturing and export. This, he said, would contribute to enhancing added value, stimulating the establishment of joint industrial projects in priority sectors, and transferring expertise and modern technologies.
It is worth noting that the volume of trade exchange between the Sultanate of Oman and the Arab Republic of Egypt during the first half of this year reached approximately OMR97.6 million. Omani imports from Egypt recorded a growth of 16.6 percent, reaching OMR44.3 million, while Omani exports to the Egyptian market amounted to OMR53.3 million. The number of registered companies with Egyptian shareholding in the Sultanate of Oman reached 4,647 by November 2025.
