Means
of Enhancing Business Cooperation Between Oman, Brazil Addressed

Brasília,
5 Nov (ONA) — The Ministry of Commerce, Industry and Investment Promotion
organized a visit to the Federative Republic of Brazil, as part of ongoing
efforts to enhance economic and investment cooperation between the Sultanate of
Oman and Brazil and explore new areas of partnership in priority sectors for
both countries.

The
visit featured the “Advantage Oman” business dialogue and a number of
meetings with various relevant Brazilian entities, including the Arab-Brazilian
Chamber of Commerce and Industry. The visit also included bilateral meetings
with several leading Brazilian companies in the fields of mining, logistics,
manufacturing, agriculture, and renewable energy, aiming to showcase the
investment opportunities available in Oman and highlight the economic
advantages and infrastructure that position Oman as a regional business and
investment hub.

The
delegation also conducted a field visit to the iron ore mines of Vale, one of
the world’s largest mining companies, where they observed the industrial
practices and modern technologies the company employs in operations and
environmental sustainability, and explored potential cooperation in mining,
minerals, and technical knowledge exchange.

Ula
Al Sulaimani from the Market Targeting Team at “Invest Oman”
emphasized that this visit aligns with Oman’s approaches to enhance
international economic cooperation and diversify investment partnerships, in
line with the objectives of “Oman Vision 2040” to build a competitive
and sustainable economy that contributes to diversifying national income
sources, supports private sector empowerment, and attracts high-value-added
qualitative investments.

Brazil
is one of the world’s prominent emerging economies, with its exports valued at
approximately USD 337 billion in 2024, while imports reached USD 263 billion,
according to recent economic reports. China and the United States are among its
most important trading partners, while its trade relations with Gulf
Cooperation Council (GCC) countries are experiencing rapid growth, with its
exports to GCC countries reaching about USD 10.7 billion in 2024.

As
for bilateral relations between Oman and Brazil, Brazil’s exports to Oman
increased by 16% to reach RO 547 million, while its imports from Oman amounted
to about RO 28.8 million. Minerals, especially iron, represent the largest
share of trade between the two sides, with promising opportunities to expand
cooperation in agri-food products, industrial goods, energy, and logistics.

The
team presented investment opportunities in Oman’s special economic zones and
free zones, particularly in Duqm, Sohar, and Salalah, which are strategic
platforms for attracting Brazilian investments in storage, supply chains, food
industries, and clean energy, thanks to Oman’s distinguished geographical
location connecting Asian, African, and Arab markets.

—
Ends/AH