(MENAFN) Omani investors, expressed attention in investing in Kenya's oil and tourism fields, a trade lobby said. Kipronoh Kittony, chairperson of Kenya National Chamber of Commerce and Industry (KNCCI), affirmed in Nairobi that, Omani investors have recognized Nairobi as having rewarding economic chances, due to its investor-friendly business atmosphere.
Omani establishments are looking to invest in Kenya's downstream oil and the tourism fiels, Kittony told a media briefing, on the future Oman Trade Fair, to be held in Nairobi next week. The inaugural Oman Product Expo (OPEX), attracted executives of more than 100 companies from the sultanate, which will be displaying their products during the four-day occasion.
The trade fair is looking for to link Kenyan agro-processors, builders, contractors, distributors, exporters and importers with their counterparts from Oman. Kittony affirmed trade between both nations remains low despite long historical relations and near geographical closeness.
Kenyan government data shows that in 2017, Kenya exported products worth around USD16 million to the gulf region, while it imported goods worth USD13 million from Oman. Kittony noted that, Kenyan exports consist generally of livestock, cut-flowers, horticulture and base metals, while imports from Oman were mostly fuel, finished industrial manufactured products and technology goods.
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