Iran-Oman ties witnessing unprecedented growth
Baku, Azerbaijan, August 7
The volume of trade exchange between Iran and Oman witnessed a 116 percent growth in the first four months of the current Iranian calendar year (started March 21), figures released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods worth $537 million in the first four months of current year, the figures showed.
The report added that development of naval and air infrastructures, facilitation of visa requirements, active presence of Iranian investors in the Persian Gulf Arab country, and promotion of all-out ties between the two countries all contributed to the rise.
Iran exported 734,000 tons of goods worth $223 to Oman during the first three months of this year, registering a 55 percent and 62 growth in weight and value respectively compared to the same period last year.
Oman also exported 264,000 tons of goods worth $220 million to Iran during the first three months, the figures showed, marking a 511 percent and 345 percent increase in weight and value, correspondingly.
Iran-Oman trade balance has also turned positive as a result of imports and exports this year.
The two countries are working on several joint investment projects. They include the Iran-Oman gas pipeline, the Iran-Oman shipping line, and a $250-million shopping mall in Iran, to be developed by Omani investors.