Iranian Trade Delegation Visits Oman

News ID: 293585 Service: Economy
ایران عمان

TEHRAN (Tasnim) - An Iranian trade delegation, comprised of representatives from the country’s Chamber of Commerce, paid a visit to Oman to get acquainted with the available investment opportunities in the Arab country.

An Omani organization, the Public Establishment for Industrial Estates (PEIE), hosted the Iranian team on Sunday.

PEIP provided the Iranian visiting delegation with the information about the investment opportunities in Oman, Times of Oman reported.

The Omani organization’s officials also elaborated on their initiatives to attract industrial investment.

The Iranian delegates were also briefed on the main services and facilities offered by the Knowledge Oasis Muscat (KOM), Oman’s only IT park, for the companies operating in the information technology sector.

This comes after Iranian foreign minister and new Omani ambassador to Tehran in late January underlined the necessity for the further expansion of bilateral relations between the two countries and their closer cooperation in the regional and international fields.

During the meeting held in Tehran, Foreign Minister Mohammad Javad Zarif praised Oman for its "constructive role" in settling regional and international issues, and called for the comprehensive development of the bilateral relations between Tehran and Muscat.

“The country and the high-ranking officials of Oman, particularly Sultan Qaboos and Foreign Minister Youssef bin Alawi have played outstanding roles in contribution to resolving the regional and international conflicts and we value that precious role,” Zarif stated.

The Iranian foreign minister further said that Sultan Qaboos’s August visit to Iran - as the first head of state after President Hassan Rouhani took office - and the mutual respect between the two countries’ senior officials indicate the firm determination of both sides to promote bilateral ties.

In a move seen by some as using great foresight, the Sultan of Oman, Qaboos bin Said, signed a memorandum in 2013 to lay an underwater pipeline across the Strait of Hormuz to Iran and to purchase $60 billion worth of natural gas over 25 years as of  2015.

The agreement was signed during a visit to Tehran in late August soon after Hassan Rouhani assumed Iran’s presidency, and three months before Iran reached the preliminary sanctions-busting deal.

    All Stories