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Oman, Iran discuss economic cooperation and challenges

2 Mar 2021

With an aim to attract inward investments and boost the economy, Oman Chamber of Commerce and Industry (OCCI) held a virtual meeting with the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Tuesday. 

The meeting focused on enhancing economic and commercial cooperation and communication between the two countries, and the challenges facing the businesses in the two countries. 

Eng Redha bin Juma al Saleh, chairman of OCCI, said, “These types of meetings are a good opportunity to develop relations between the Omani and Iranian sides considering the political, historical and social relations that bind the two countries.” 

He added, “There are some challenges that have slowed the speed and level of business between Oman and Iran, especially with regard to remittances and direct transportation. OCCI, in cooperation with the relevant authorities in Oman, is working to find appropriate solutions.” 

Eng Redha spoke on solutions and the need to focus on attracting Iranian investments and capital to the sultanate and developing them in a way that serves the relations between the two chambers. He also spoke of using Oman’s strategic location and making it a gateway for re-export for Iranian products. 

Gholamhossein Shafei, president ICCIMA, said, “These meetings greatly contribute to introducing the incentives and investment advantages available between the two countries and work to bridge the gap between companies and business owners on the two sides.” 

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