The Oman Chamber of Commerce and Industry (OCCI) has organized Oman-Egypt Business Forum, underscoring the critical importance of capitalizing on investment opportunities in both nations.
Strengthening partnerships between Omani and Egyptian private sector establishments to boost trade and investment volumes, Oman-Egypt Business Forum facilitate the transfer of expertise, and broaden cooperation in key economic sectors. These include construction and contracting, energy and oil, engineering consultancy and real estate, and industry.
Qais bin Mohammed Al Yousuf, Minister of Commerce, Industry and Investment Promotion, stated that the ministry aims to enhance investment and commercial exchange through the Oman-Egypt Business Forum, leveraging the comparative and competitive advantages of Oman and Egypt to achieve the desired economic integration.
The Omani minister expressed his aspiration for the forum to generate actionable recommendations, strengthen Omani-Egyptian ties, and boost private sector involvement. He envisions Oman as a regional hub, leveraging trade agreements to enhance trade and secure priority access for Omani products in Egypt.
Lieutenant General Eng. Kamel Al Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport of Egypt, highlighted the necessity of bolstering the role of the business community in both countries.He emphasized strengthening cooperation between Omani and Egyptian businessmen through bilateral mechanisms, aiming to boost trade, investments, and new economic opportunities.
The Egyptian Minister supported the creation of a joint investment platform to streamline communication, helping both nations’ investment authorities capitalize on key opportunities and fast-track their implementation.
Faisal bin Abdullah Al Rowas, Chairman of Oman Chamber of Commerce and Industry, emphasized the need for ongoing coordination between the Omani and Egyptian chambers, increased exchange of trade delegations, and enhanced dialogue among small and medium-sized enterprises, given their central role in stimulating inter-trade and creating sustainable employment.
The Oman-Egypt Business Forum featured the presentation of two working papers detailing the investment climate and opportunities in Oman and Egypt.
