Muscat: The Egyptian President, who is on a two day official visit to the Sultanate, on Tuesday met with a number of Omani businessmen at the Al Alam Palace, with the aim of promoting the development of trade and investment relations between the two brotherly countries, within the framework of the visit to the Sultanate.
The Egyptian President affirmed his country's readiness to provide all facilities to Omani business investors wishing to invest in various economic fields, pointing to the important role played by the private sector in both countries.
During the meeting, Qais bin Mohammed Al-Yousef, Minister of Commerce, Industry and Investment Promotion said the visit represents a serious desire to build a growing partnership in the strategic economic sectors and a clear endeavor to enhance investment and trade exchange efforts, which reflects the comparative advantage and competitiveness between the two countries.
"The Omani-Egyptian partnership can be based on greater bases of integrated work between the two countries through the level of economic openness, trade exchange and investment cooperation," he added.
Eng. Reda bin Juma Al Saleh, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry said the two countries share future visions (Oman 2040 and Egypt 2030), and business owners and the private sector in the two countries aspire to enhance their active participation in the global economy and increase productivity. This opens up areas of cooperation, especially in the non-oil sectors, including what is reliable in the direction of economic diversification in the Sultanate of Oman.
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