Oman, Sweden discuss means of promoting bilateral trade relations

Energy Wednesday 25/October/2017 22:08 PM
By: Times News Service
Oman, Sweden discuss means of promoting bilateral trade relations

Muscat: Dr. Ali bin Mas’oud Al Sunaidi, Minister of Commerce and Industry received in his office yesterday Ann Linde, Minister of European Union (EU) Affairs and Trade of the Kingdom of Sweden and her accompanying delegation, currently visiting the
The two sides explored means of promoting the economic and investment relations between the Sultanate and Sweden.
In a statement to Oman News Agency (ONA), she said that the Swedish investment in the Sultanate will focus during the upcoming period on new important sectors, such as ICT, healthcare, production of pharmaceuticals, hospital management, life sciences, educational, logistic, service and electricity sectors.
She affirmed the keenness of the Swedish side in investment and upgrading the volume of trade exchange with the Sultanate in light of the presence of 10 Swedish companies that have investments in telecommunications and information fields. They also reviewed opportunities of investment available at the Special Economic Zone in Duqm (SEZD) particularly food industries.
The two sides also touched on the Sultanate’s potential benefit from Swedish expertise in areas of food processing and packaging, as well as methods of funding private projects, in addition to benefiting from the Swedish experience in privatisation of electricity, water and telecommunications.