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Big scope of trade growth between Oman, Tanzania

12 Jun 2022

Muscat – Redha bin Juma al Saleh, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry (OCCI), received in his office Paul Faraj Koyi, President of the Tanzania Chamber of Commerce, Industry and Agriculture, on Sunday.

The meeting was attended by Saud bin Hamad al Rawahi, head of the Omani side of the Oman-Tanzania Businessmen Council.

The council held a meeting at the OCCI headquarters in Muscat, reviewing areas of joint cooperation, especially investment prospects for both the countries. Both sides also deliberated on mechanisms to enhance opportunities for establishing commercial partnerships between Omani businessmen and their Tanzanian counterparts.

OCCI is exerting efforts, Saleh said, to strengthen economic relations between Oman and Tanzania by exploring new investments ventures, and holding introductory seminars and bilateral meetings between Omani and Tanzanian businessmen.

“The official visit of President Samia Suluhu Hassan reflects the keenness of the two leaderships to develop the solid historical relations between the two friendly countries further. The two countries enjoy cooperation in various spheres, especially in economic and trade fields.”

Saleh added that more work needs to be done to enhance investments as the total capital invested between the two countries was RO8.32mn in 2020, with the Tanzanian contribution to it being RO1.899mn.

Calling for more efforts for cooperation in sectors like logistics, Saleh said that Oman looks forward to benefiting from Tanzania’s location, as it is one of the most important entry points to the African continent.

“There is potential for the private sector in a number of promising fields, including industry, agriculture, fisheries, mining and tourism, in addition to health, education, renewable energy and information technology, to expand the base of cooperation between the two countries.”

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