Muscat to Host Iran-Oman Business Forum in Mid-October

An Iran-Oman business forum will be held in Muscat and Batinah North of Oman on October 15 and 16, the deputy head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) for the international affairs announced.

Hesameddin Hallaj said that this event will be held with the presence of the traders and businessmen of the two countries, and during it, the strengthening of bilateral trade and economic relations, the investigation of new investment opportunities and the development of the presence of Iranian companies in Oman will be discussed, the TCCIMA portal published.

He said attracting Omani investors to participate in Iranian projects and cooperating in the introduction of marketing agencies in order to expand the market of Iranian products in Oman, Africa and Saudi Arabia are among the other goals of this event.

The priority areas for Tehran Chamber members to attend the event will be construction, oil and energy, medicine, food, health and health tourism sectors, Hallaj added.

As reported by the Islamic Republic of Iran Customs Administration (IRICA), the value of non-oil trade between Iran and Oman stood at US$938.004 million in the first five months of the current Iranian calendar year (March 20-August 21).

The IRICA report put the weight of the non-oil trade between the two countries at 2.962 million tons. As reported Iran-Oman five-month non-oil trade indicates 1% fall in value and 37% rise in weight, year on year. Oman was the sixth top trade partner of Iran among the Islamic Republic’s neighbors in the first five months of the present year. - Tehran Times