The first virtual exhibition of Iran and Oman opened during a ceremony on Monday.
The inaugurating ceremony was attended by President of Iran Chamber of Commerce Gholam Hossein Shafei, Chairman of Oman Chamber of Commerce and Industry Redha al Saleh, Head of Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi, and Oman’s Ambassador in Tehran Ibrahim bin Ahmad Al-Moeini.
Some 130 companies from Iran and Oman are participating in the event, which is held virtually due to restrictions caused by the global spread of COVID-19.
Speaking during the ceremony, the President of Iran Chamber of Commerce called on the Omani economic operators and investors to get more familiar with the capacities of the Iranian market.
“Iran has high potential for industrial and commercial investment. The Iranian market is a privileged and unique market in the region. Therefore, I believe that the private sectors of the two countries can play a complementary role in the field of economic cooperation.”
Iranian companies can supply some of the products needed by Oman, including oil derivations and bitumen, petrochemical products, food and agricultural products, as well as construction materials, Shafei said, adding that Omani companies can also provide part of the needs of the Iranian market in the field of raw materials and machinery.
He noted that private sectors of Iran and Oman can make joint investments in technical and engineering projects of third countries within the framework of multilateral and regional cooperation.
Shafei proposed the joint chambers of both countries to set up an investment committee to identify the projects and examine the details for taking the operational steps.
Underlining the significance of the re-export of Iranian products from Oman as well and transit cooperation between the two countries, he said that Oman is examining the possibility to accepting Iranian ships at Omani ports which he believed is a major step that can help facilitate trade exchanges between the two countries.
Chairman of Oman Chamber of Commerce and Industry, for his part, said that Iran-Oman bilateral trade stood at nearly $400 million last year.
Al Saleh added that his country will make every effort to give a boost to bilateral relations with Iran in all areas.
He said that facilitating mechanisms of financial exchange and expansion of services is on the agenda of the joint chambers of commerce of both countries.
He noted that Oman encourages the presence of Iranian investors in the country, saying the country welcomes the participation of Iranian companies in joint projects in Oman.
Al Saleh added that Omani investors are also eager to make investments in the Iranian market.
Those interested can click on this link to visit Iran-Oman First Virtual Expo on Sept. 20-26.