News ID: 217321
Published: 0237 GMT June 26, 2018

Oman hosts Iranian trade delegation

Oman hosts Iranian trade delegation

Underlining the importance Oman places on Iran as a trade partner, management from Ithraa — Oman’s investment promotion and export development agency — hosted 50 Iranian business representatives on Tuesday to discuss investment opportunities in Oman's fast growing and ambitious economy.

Led by senior Ithraa management and supported by government colleagues from the Public Establishment for Industrial Estates (PEIE), Port of Duqm, as well as Sohar Port and Freezone, the Iranian delegation visited key manufacturing and met logistic officials, timesofoman.com reported.

"Today's meetings and presentations were designed specifically to enhance dialogue between Oman and our Iranian counterparts, and capitalize on the existing trade and investment ties our two countries enjoy," remarked Ithraa's Director General of Export Development and Investment Promotion Nasima Al Balushi on Tuesday.

Iran is a large economy in the Middle East and North Africa (Mena) region, with an estimated gross domestic product in 2017 of $439.5 billion and an economy that is expected to maintain a steady growth of slightly over four percent in 2018.

Oman is an attractive proposition for Iranian investors. There is strong public and private sector leadership, as demonstrated by progress being made, in terms of diversifying the economy, as well as the success enjoyed by the Sultanate's tourism, manufacturing, logistics, fisheries and mining sectors.

"We are open for business and the government is committed to supporting non-oil Omani export growth and encouraging inward investment. Indeed, we are constantly improving our road, air and port network, work that is clearly helping boost foreign investment in the Sultanate. This is the message we delivered to our Iranian colleagues on Tuesday," she explained.

"Our ports, free zones and industrial parks have demonstrated a strong track record of success over the years, which should give Iranian investors confidence in the strength of Oman's economy and future prospects for the Sultanate," noted Al Balushi.

   
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