Oman’s Minister of Commerce and Egypt’s Foreign Minister met to discuss enhancing trade and investment ties. They emphasized activating the Omani-Egyptian Businessmen Council and diversifying trade products to unlock new economic opportunities. Joint investment initiatives were also highlighted as a priority.
In a significant diplomatic engagement, His Excellency Qais bin Mohammed al Yousef, the Minister of Commerce, Industry and Investment Promotion of Oman, convened with Dr. Badr Abdel Aati, Egypt’s Minister of Foreign Affairs, Immigration, and Expatriates Affairs, during Dr. Abdel Aati’s recent visit to Muscat. The discussions focused on enhancing cooperation in trade and investment between the two nations, emphasizing the critical role of the Omani-Egyptian Businessmen Council as a facilitator of economic collaboration. The ministers highlighted avenues to diversify trade exchanges by expanding product categories, thereby unlocking new possibilities across multiple sectors. Furthermore, they reached a consensus on promoting joint investments and motivating private sector institutions in both countries to pursue lucrative investment opportunities.
Oman and Egypt have been enhancing their historical ties, focusing on economic cooperation through trade and investment. These discussions align with a broader strategy to leverage bilateral relations as both countries seek to expand their economic portfolios. The Omani-Egyptian Businessmen Council serves as an essential mechanism for fostering business relations, aiming to mobilize private sector engagement and drive economic growth through collaborative ventures.
The meeting between the Omani and Egyptian ministers marks a pivotal step towards strengthening bilateral economic ties through enhanced trade and investment opportunities. By activating key platforms such as the Businessmen Council and encouraging joint ventures, both nations are poised to diversify their economic interactions and capitalize on mutual advantages, ultimately benefiting their respective economies and promoting sustainable development.
Original Source: www.zawya.com
