DUBAI: Qais Mohammed al Yousuf, Minister of Commerce, Industry and Investment Promotion, held meetings on Wednesday with a number of ministers in the United Arab Emirates (UAE), including Dr Thani Ahmed al Zeyoudi, Minister of Foreign Trade, Dr Ahmed Balhoul al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises (SMEs) and Abdullah Touq al Marri, Minister of Economy.
The meeting reviewed means of enhancing cooperation in trade, industry and investment between the two countries. Further, the two sides called upon businesspeople to benefit from available investment opportunities in the two countries.
Statistics confirm that bilateral trade and investment has grown remarkably between the two countries. The volume of trade exchange exceeded RO 4 billion in 2020. The investments of UAE companies are based on various sectors, foremost of which are the construction, the trade, and the services.
Meanwhile, the second edition of the Oman-UAE Economic Forum will kick off on Thursday in Dubai. The event is taking place on the sidelines of the Sultanate of Oman’s participation in Expo 2020 Dubai.
Mohsen Khamis al Balushi, Adviser at the Ministry of Commerce, Industry and Investment Promotion, who is also Commissioner General of Oman at Expo 2020 Dubai, said the Omani delegation will be chaired by Qais Mohammed al Yousuf, Minister of Commerce, Industry and Investment Promotion, with the participation of the Public Authority for Special Economic Zones and Free Zones (OPAZ), the Public Establishment for Industrial Estates (Madayn), Oman Investment Authority (OIA) and Oman Chamber of Commerce and Industry (OCCI).
The forum aims to strengthen joint cooperation, discuss investment opportunities in the targeted sectors, and increase the volume of trade exchange between the two countries.
The two sides will present several working papers during the forum. Moreover, a set of economically feasible investment opportunities will be offered during the event.
The forum’s programme includes bilateral meetings between major companies from both sides in sectors of priority and common interest in a bid to discuss opportunities for cooperation and investment.(With inputs from ONA)
