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Oman’s trade with Tanzania growing, says H E Sayyid Badr

11 Dec 2022 By ONA

Muscat – H E Sayyid Badr bin Hamad al Busaidi, Foreign Minister, on Sunday said that the trade between Oman and Tanzania, which stands at RO80mn, is steadily growing. 

He expressed hope that the volume of mutual investments will grow further across various domains, opening broader horizons for the private sector on both sides.

H E Sayyid Badr made this statement during the second session of the Omani-Tanzanian Joint Committee, held at the Foreign Ministry on Sunday.

While H E Sayyid Badr headed the Omani side, the Tanzanian side was led by Stergomena Lawrence Tax, Tanzanian Minister for Foreign Affairs and East African cooperation.

At the outset of the meeting, H E Sayyid Badr said that the Oman-Tanzania partnership scaled new heights after the visit of Tanzanian President Dr Samia Soloho Hassan to Oman recently. Ties of cooperation in particular gained impetus in the areas of energy, tourism, fisheries and the logistic sector, he added.

The Tanzanian minister was delighted to be in Oman for this official visit and expressed pride over the historical relations binding the two countries’ leaderships and peoples. She stressed the importance of exploiting investment opportunities between the two nations, and voiced her keenness to follow up what was agreed upon during the visit of President Samia to Oman in June this year.

H E Sayyid Badr told ONA that the second session of the committee was held to follow up on the outcome of the two recent visits made to Oman by Tanzanian President Samia Soloho Hassan and Dr Hussain Ali Mwini, President of Zanzibar.

H E Sayyid Badr underscored the significance of following up the implementation of programmes, memorandums of understanding and agreements that were signed earlier and another set of bilateral agreements to be signed between the two friendly countries in future.

On her turn, the Tanzanian minister said that the meeting of the Omani-Tanzanian Joint Committee was aimed at fostering cooperation between the two friendly countries, which are bound by joint historical relations. She noted that the sectors of trade and investment witnessed a steady growth after the signing of memorandums of understanding with Oman.

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