Oman and Egypt discussed strengthening trade and investment ties during a meeting between Omani Minister Qais al Yousef and Egyptian Minister Badr Abdel Aati. They emphasized the importance of the Omani-Egyptian Businessmen Council and explored opportunities for increased trade exchanges and joint investments.
In a significant diplomatic meeting, His Excellency Qais bin Mohammed al Yousef, the Minister of Commerce, Industry and Investment Promotion of Oman, engaged with Dr. Badr Abdel Aati, the Minister of Foreign Affairs, Immigration and Expatriates Affairs of Egypt. This meeting took place during Dr. Abdel Aati’s official visit to Oman. The discussions focused on enhancing bilateral cooperation in trade and investment, with a particular emphasis on revitalizing the Omani-Egyptian Businessmen Council to foster economic relations between the two nations.
Both ministers acknowledged the potential to broaden the scope of trade exchanges by diversifying product offerings, which would create new opportunities across various sectors of the economy. Furthermore, they recognized the necessity for joint investments and called upon private sector entities from both countries to collaborate in identifying and capitalizing on promising investment prospects. The outcome of this meeting is seen as a crucial step in strengthening the economic ties between Oman and Egypt.
Oman and Egypt have a long-standing relationship that encompasses various sectors, including trade and investment. Recent efforts to enhance this partnership reflect a mutual interest in tapping into each other’s economic capabilities. The formation of the Omani-Egyptian Businessmen Council aims to serve as a platform for facilitating and promoting business collaborations, which is increasingly relevant in today’s global economy. By diversifying their trade portfolio and encouraging shared investments, both nations seek to maximize their economic potential and strengthen their bilateral relations.
The meeting between Oman and Egypt’s high-ranking officials highlights a definitive move towards improving trade and investment relations. By focusing on the activation of the Omani-Egyptian Businessmen Council and exploring diverse product exchanges, the ministers have set the stage for future economic collaborations. Their commitment to fostering joint investments underscores the intent to build a resilient and mutually beneficial economic partnership.
Original Source: www.zawya.com
