Oman-Azerbaijan
Roundtable Meeting Explores Joint Investment Opportunities

Muscat,
8 Oct (ONA) — Oman Chamber of Commerce and Industry (OCCI) organized a Roundtable
Meeting between the Sultanate of Oman and the Republic of Azerbaijan in Muscat
today. The meeting focused on the private sector’s role in building effective
partnerships, expanding commercial relations, and exploring new investment
opportunities that benefit both countries.

Qais
Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion,
stated that this meeting reflects the commitment of both countries to
strengthening cooperation and embodies the mutual aspiration to explore new opportunities
in the fields of trade and investment. He explained that the meeting opens the
door for fruitful dialogue and the creation of effective partnerships.

Al
Yousef added that the Sultanate of Oman supports business growth and the
enhancement of foreign investment, working to simplify procedures, accelerate
digital transformation, and create a more enabling environment for the private
sector. These efforts include numerous initiatives such as “Invest
Oman,” the “Oman Future Fund,” and the establishment of the Investment
and Commerce Court to provide a supportive legal environment for investors. He
pointed out that the Omani economy offers promising opportunities in sectors of
interest to Azerbaijani companies, including minerals, green and renewable
energy, logistics, transport, real estate, infrastructure, and agriculture.

For
his part, Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan,
affirmed that this meeting is part of the two friendly countries’ keenness to
enhance economic, commercial, and investment cooperation, stressing the serious
desire to expand cooperation horizons in various fields, especially in
promising sectors such as renewable energy, tourism, logistics services,
technology, and manufacturing industries.

He
explained that the private sector in both countries constitutes a fundamental
pillar for driving economic development, asserting that establishing effective
partnerships between Omani business owners and their Azerbaijani counterparts
will contribute to creating new investment opportunities, strengthening trade
relations, and supporting economic integration between the two sides.

Furthermore,
Faisal Abdullah Al Rowas, Chairman of the OCCI, stated that the meeting crowns
the solid relations between the two friendly countries in various fields,
particularly in economic and investment aspects, to achieve mutual interests
and support the development path in both nations. He explained that the private
sectors in both countries possess great potential for building effective
partnerships in diverse fields such as energy, tourism, food industries,
logistics, information technology, and other promising sectors.

He
pointed out that enhancing cooperation between private sector institutions in
both countries is an essential step toward establishing joint investment
projects, exchanging experiences, and increasing the volume of trade exchange,
thereby contributing to job creation and diversifying sources of income.

The
meeting included a presentation from “Invest Oman,” which highlighted
the investment fundamentals in the Sultanate of Oman and the incentives offered
to investors, in addition to showcasing national initiatives aimed at improving
the business environment to attract foreign investment and develop economic
partnerships between Oman and the rest of the world.

A
working paper was also presented by the Export and Investment Promotion Agency
of the Republic of Azerbaijan (AZPROMO), covering the investment fundamentals,
opportunities, and Azerbaijan’s strategic geographical location linking Europe
and Asia, alongside the supportive investment environment for investors in
Azerbaijan.

A
number of business owners from both sides attended the meeting.

—Ends/AG