Omani-Russian Business Forum Opens New Vistas of
Bilateral Investments

Muscat, 5 May (ONA) — As part of the visit of Abdulmuslim
Abdulmuslimov, Prime Minister of the Republic of Dagestan, to the Sultanate of Oman, Oman Chamber of Commerce and
Industry (OCCI) today organized an Omani-Russian Business Forum.

The forum was aimed to develop commercial relations between the two countries. It discussed ways to consolidate economic and investment
cooperation and open up new vistas for investment and partnership in various
vital sectors. It also elaborated on enhancing commercial exchange and exploring
promising investment opportunities, notably in the sectors of agriculture,
tourism, trade, fisheries, livestock and construction.

The forum targeted investors, producers, exporters,
importers, wholesale companies and government departments.During the forum, Abdulmuslim Abdulmuslimov stressed that
the Republic of Dagestan attaches great importance to strengthening cooperation
with the Sultanate of Oman in various fields and such forums represent milestones in developing future partnerships between the two sides.

For his part, OCCI Chairman Faisal Abdullah Al Rowas, said
that the Omani-Russian Forum embodies the Chamber’s vision for upgrading cooperation
between Oman and Dagestan as part of the OCCI’s strategy to develop commercial
and economic ties with different countries of the world.

Al Rowas pointed out that the forum constitutes a starting
point for further fruitful cooperation, motivates businesses and companies and enhances
the Chamber’s role in supporting entrepreneurship and achieving national
economic goals.

During the forum, a memorandum of understanding (MoU) was
signed between the Oman Chamber of Commerce and Industry and the Chamber of
Commerce of the Republic of Dagestan. The MoU seeks to expand cooperation
between the two parties in several vital economic sectors.

The forum also featured a visual presentation titled
“Explore the Omani Market”. It was presented by Shurooq Hamad Al
Farsi, Head of the Committees Department at the OCCI. Shurooq spoke about the
investment opportunities available in the Sultanate of Oman, as well as the
current economic trends in action.

The Dagestani side presented a promotional video featuring
investment opportunities in Dagestan, the region’s competitive advantages and
its economic and commercial importance as a promising investment hub.

The forum concluded with bilateral meetings between business
owners from both Oman and Russia. The meetings explored avenues for future
cooperation and exchanged views about trade and investment opportunities that
could benefit all participating parties.

— Ends/Bishara/AG