14 November 2018 05:59 PM

Economic Relations

Tuesday، 29 September 2015 - 12:00 AM

Egyptian-Omani official meetings denote the desire of the two governments to invest such distinguished relation in activating the economic relations between the two countries as the Egyptian market is promising . In addition to this Oman considers Egypt  an important Chanel for export to the neighboring African countries.   

Those meetings come up to activate the commercial relations between the two countries with in the framework of  the Great Arab trade agreement.  

By the end of 2016, statistics have shown Egypt's exports to Oman to reach 23 million. However, Egypt's import amounted to 8 million L.E

 

On February 24, 2017 Egypt -Oman signed three bilateral cooperation agreements between the two ministries of manpower in the two countries at the end of the 13th session of the Egyptian-Omani joint committee that was  held in Cairo under the chairmanship of Egyptian Foreign Minister Sameh Shoukry and Omani Minister of State for Foreign Affairs Youssef Bin Alawi.

At the closing session, both Egyptian-Omani ministers witnessed the signing of three agreements for bilateral cooperation in the fields of youth; sport; pioneer and training labor. Also, both Ministries of Manpower of the two countries have signed the minutes of the current joint committee.

On May 17, 2017, bilateral meetings were held between the companies of the two countries to promote trade exchange .The meetings  have been organized by the General Authority for Investment Promotion and Export Development of Oman (Ithraa) in cooperation with the Sultanate's embassy in Cairo and the Egyptian company "Ibis "that was specialized in the management of international business and investment services.

The bilateral meetings between Egyptian -Omani companies aimed at boosting trade exchange between the two countries. It included 25 exporting companies from the largest commercial companies in the Sultanate and 95 Egyptian companies that have been importing from major governments and private companies.

Omani companies participating in those meetings are specialized in sardines; tuna; biscuits; pasta; detergents; juices; tomato paste; marble; wood; furniture; plastic hoses; mattresses; medicines; dairy products and others.

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