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Iran, Oman to deepen economic relations

Business Materials 14 November 2022 13:39 (UTC +04:00)
Iran, Oman to deepen economic relations

TEHRAN, Iran, November 14. Iran and Oman declare their readiness to deepen economic relations using the capability of joint investment towns, Trend reports citing IRNA.

Saleh bin Said Masan, Oman’s deputy minister of commerce, industry, and investment visited Tehran, heading a delegation including Hamad bin Hamoud al Qasabi, Acting CEO of the Public Establishment for Industrial Estates “Madayn” and Sami bin Salem Al Sahib, Director General of Industry at the Ministry of Commerce, Industry and Investment Promotion of Oman.

The Iranian and Omani officials discussed the solutions for developing trade exchanges between the two countries, joint ventures, clearing of goods, preferential trade agreements, and the presence of Iranian companies and factories in Oman.

During a meeting with Saleh bin Said Masan, the Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Ali Rasoulian emphasized the necessity of developing a road map for joint cooperation between the two countries.

In his part, Hamad bin Hamoud al Qasabi also expressed his country`s readiness to expand and deepen industrial relations with Iran.

He welcomes Iranian companies which are keen on investing in Oman industrial towns.

Qasabi also suggested the establishment of a joint investment town to improve the relations between the two countries.

In another part of the meeting, the deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO) Azizollah Ghorbani also proposed the establishment of an export hub in Oman to re-export Iranian products in exchange for industrial machinery.

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