The Oman Ministry of Commerce, Industry, and Investment Promotion has reinforced economic ties with Libya following high-level discussions aimed at advancing trade, industrial cooperation, and investment flows between the two countries.
HE Anwar bin Hilal Al Jabri, Minister of Commerce, Industry, and Investment Promotion, met with HE Dr. Khalifa Rajab, Acting Minister of Oil and Gas of Libya, and HE Dr. Suhail Bou Sheikha, Minister of Economy and Trade of Libya, to explore avenues for enhancing bilateral cooperation.
Discussions focused on increasing trade exchange and strengthening economic and industrial partnerships between the Sultanate of Oman and Libya.
Focus on trade expansion and industrial integration
Both sides reviewed strategies to boost bilateral trade and improve integration within industrial supply chains.
The talks highlighted opportunities to strengthen cooperation across key sectors, particularly by developing joint industrial projects aligned with the strategic priorities of both countries.
The ministers also explored avenues to attract investments and promote collaboration in promising sectors, with a strong emphasis on energy and renewable energy industries.
Plans were discussed to organize specialized forums and business platforms aimed at encouraging Libyan investors to explore opportunities in Oman and to facilitate partnerships between private sector stakeholders.
Driving investment and export opportunities
The meeting underscored the importance of identifying new export opportunities for Omani products in the Libyan market, alongside continued discussions on joint industrial investments.
Both sides reiterated their commitment to maintaining dialogue to unlock mutually beneficial economic prospects.
Trade data reflects growing engagement between the two nations. In 2025, bilateral trade reached approximately $50.7 million (OMR 19.5 million), with Omani exports accounting for the majority at around $50.1 million (OMR 19.26 million).
This included $45.1 million (OMR 17.33 million) in national exports and $5.0 million (OMR 1.92 million) in re-exports, while imports from Libya stood at approximately $0.5 million (OMR 190,600).
Libyan investment in Oman has shown notable strength, with total invested capital reaching approximately $2.27 billion (OMR 872.3 million) by 2025.
These investments are distributed across 368 companies with participation from 608 Libyan shareholders.
Libyan contributions alone account for around $872 million (OMR 335.49 million), representing nearly 78.8 percent of the total invested capital.
The meeting was attended by senior officials, including HE Eng. Ghalib bin Saeed Al Maamari, Undersecretary for Trade and Industry, along with representatives from both sides.
The discussions reflect a shared commitment to advancing economic cooperation, fostering industrial integration, and strengthening investment partnerships.
