Iran, Oman Prioritize Joint Investment for Sustainable Economic Relations


(MENAFN) Iran and Oman have placed joint investment at the forefront of their efforts to achieve sustainable development in their economic relations. During a visit to an industrial park near Tehran, Omani Minister of Commerce, Industry, and Investment Promotion Qais bin Mohammed Al Yousef, accompanied by the Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Ali Rasoulian, expressed Oman's interest in investing in Iran's industry sector. The visit, which took place earlier this month, showcased Iran's industrial capabilities and capacities to the Omani delegation.

Rasoulian highlighted the significant presence of 858 active industrial parks and zones in Iran, emphasizing that these areas can serve as a platform for promoting industrial relations between the two countries. He also underscored the importance of connecting small and medium-sized enterprises (SMEs) from both nations as a means of boosting economic ties. Strengthening ties at the SME level can contribute to the overall expansion of economic relations between Iran and Oman.

During the visit, the Omani minister and his delegation expressed their willingness to purchase various Iranian goods, including electrical and household appliances, electronic products, tiles, ceramics, and medicine. This demonstrates Oman's interest in exploring opportunities for trade and economic cooperation with Iran in multiple sectors.

The upcoming visit of Omani Sultan Haitham bin Tariq Al Said to Tehran holds great promise for further expanding trade and economic relations between the two countries. With both the Iranian and Omani governments determined to enhance bilateral trade, the Sultan's visit is expected to provide a valuable opportunity to explore avenues for increased cooperation and mutual benefits.

The focus on joint investment and bilateral trade signifies the commitment of Iran and Oman to strengthen their economic ties and develop sustainable partnerships. By fostering closer economic relations, the two countries aim to tap into each other's potential, create new business opportunities, and pave the way for long-term growth and prosperity.

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