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Muscat - Underlining the importance Oman places on Iran as a trade partner, management from Ithraa, Oman's investment promotion and export development agency, will travel to Tehran end of May to meet with leading Iranian businesses operating in logistics, metals and healthcare.
Headed by His Highness Sayyid Faisal Al Said, Director General of Investment Promotion at. The Ithraa team will hold trade and investment talks.
"Our visit to Tehran has been designed specifically to enhance dialogue between Ithraa and our Iranian counterparts and capitalize on the existing trade and investment ties our two countries enjoy. The Oman - Iran Investment Meet will focus particularly on logistics, metals and healthcare.
Iran is the second largest economy in the Middle East and North Africa (MENA) region after Saudi Arabia, with an estimated Gross Domestic Product (GDP) in 2015 of US$393.7 billion. It also has the second largest population of the region after Egypt, with an estimated 78.8 million people in 2015. The Iranian economy is expected to grow by about 4 percent this year.
Sayyid Faisal went on to add: "the Sultanate is open for business and the Government is committed to supporting non-oil Omani export growth and encouraging inward investment. This is the message we will be delivering to colleagues in Tehran.
Promoting Oman abroad and sharing the Government's economic message is central Ithraa's work. Supporting Ithraa's hub and spoke approach to attracting inward investment and driving the Sultanate's non-oil exports, it has over 20 investment and trade representatives placed in strategic markets around the world, all playing an important role in helping Oman's exporters learn about and penetrate mature as well as emerging markets.
According to Sayyid Faisal: "trade missions are invaluable in developing new and existing markets overseas for Omani businesses. The objective of our Tehran visit is to build on the existing strong economic links Oman enjoys with Iran. Indeed, the Oman - Iran Investment Meet will serve to bolster productive trade and investment relations and reinforce the potential for Omani exporters in the fast growing Iranian economy which will ultimately mean jobs in Oman."
© Press Release 2016
