Muscat – President Abdel Fattah el Sisi of the Arab Republic of Egypt met a number of Omani businessmen at Al Alam Palace on Tuesday. The meeting was aimed at developing trade and investment relations between the two countries.

President Sisi affirmed his country’s preparedness to offer incentives to Omani businessmen wishing to invest in various economic fields. He also underlined the crucial role carried out by the private sector in the two countries.

On the occasion, H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, said, “This visit represents a serious desire to build a growing partnership in strategic economic sectors and a clear endeavor to enhance investment and trade exchange efforts between the two countries.

“Omani-Egyptian partnership will be further boosted through economic openness, trade exchange and investment cooperation.”

On his part, Redha bin Juma al Saleh, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry, noted that the two countries share similar visions for the future in Oman Vision 2040 and Egypt 2030. “Business owners and the private sector in both the countries aspire to enhance their active participation in the global economy and increase productivity.”

Hala el Said, Egypt’s Minister of Planning and Economic Development, stressed on the importance of cooperation and investment partnerships in achieving common interests of the two countries.