Iran, Oman sign 5 business MoUs
Tehran, Iran, Sept. 28
By Mehdi Sepahvand – Trend:
Iran and Oman have signed five memorandums of understanding that span cooperation in areas of standards, insurance, investment, development of export, and sports.
The documents were signed by Iran’s Minister of Industry Mohammad Reza Nematzadeh and his Omani counterpart Masud bin Ali al-Sonaidi, SHATA news agency reported Sept. 28.
During the meeting where the MoUs were signed, Nematzadeh stressed that bilateral relations in banking and insurance will boost trade between Iran and Oman.
“Investment in logistics areas, such as Chabahar Port and Bandar Abbas, can open bright horizons of cooperation,” he said.
He also stressed the need for Tehran and Muscat to prepare a five-year cooperation development plan.
“This roadmap should be prepared as soon as possible and signed by the parties within six months,” Nematzadeh added.
Oman's Duqm Port and Iran’s Chabahar are to be linked as part of a master plan by India.