Qatar, Oman sign MoU for economic cooperation
Date
1/28/2018 10:37:44 AM
(MENAFN- The Peninsula) QNA
Doha: Qatar and Oman have signed a memorandum of understanding (MoU) on food production, marketing, joint investment and export of Omani products to Qatar. This took place during the official talks held between the two countries in Muscat.
A press release by the Ministry of Municipality and Environment said Sunday that the talks was chaired from the Qatari side by the Minister of Municipality and Environment H E Mohammed bin Abdullah Al Rumaihi and from the Omani side by the Minister of Agriculture and Fisheries Dr Fuad bin Jaafar Al Sagwani. The session focused on agriculture, livestock and fisheries sectors and ways to develop them.
The Minister of Municipality and Environment stressed that the strategic relations between the two countries are at the highest level and built on clear basis, pointing out that the signing of the memorandum of understanding was within the framework of strengthening the existing cooperation between the two countries in areas of common interest.
Al Rumaihi said that Qatar has many investments in various fields in the Sultanate and is now looking forward to invest in the Special Economic Zone in Duqm in food industries and strategic storage as well as in some fishing ports, in addition to the development of infrastructure and urban projects within urban planning of coastal regions, especially fishing ports as they are important for food industries and food security.
The Omani minister said the signing of the MoU comes within the framework of the close bilateral relations between the two sides, adding that the MoU included ways to explore possible opportunities for investment in the Sultanate in the fisheries, agriculture and food sector, pointing to the existence of a partnership between Oman and Qatar in this regard as well as to Qatar's intention to benefit from investment opportunities in the Sultanate.
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