Muscat, Oman – The Omani-Iranian Business Council convened a virtual meeting today to strengthen economic cooperation between the Sultanate of Oman and the Islamic Republic of Iran.

Key Discussions and Future Plans

The session was chaired by Mohammed Abdul Hussein Baqer from Oman and Jamal Razeqi representing Iran. High on the agenda was the development of a joint electronic platform, set to launch soon. This platform aims to streamline trade operations, enhance business processes, and accelerate commercial transactions through innovative digital solutions.

Investment and Trade Expansion

To bolster bilateral trade, the council discussed allocating dedicated business spaces in Oman for Iranian companies specializing in technology, innovation, and knowledge-based industries. The move aligns with Oman’s strategy to attract foreign investment and foster a thriving business ecosystem.

Additionally, the meeting explored enhanced collaboration in key sectors such as pharmaceuticals, healthcare, and food production. These industries are poised for substantial growth, offering lucrative opportunities for both nations.

Direct Shipping Line Between Oman and Iran

Another crucial topic was the establishment of a direct shipping route between Oman and Iran. This initiative aims to facilitate seamless trade, reduce shipping costs, and strengthen supply chain efficiency between the two countries.

Strengthening Bilateral Trade Relations

With both nations actively working on boosting their economic ties, the Omani-Iranian Business Council remains committed to fostering strategic partnerships that drive mutual growth and prosperity.