Business Delegation from North Al Batinah Explores Investment Opportunities in Egypt

Cairo: A business delegation from Oman Chamber of Commerce and Industry (OCCI) branch in North Al Batinah Governorate explored, during its visit to the Arab Republic of Egypt, available investment opportunities and commercial cooperation between the two countries across several vital sectors.

According to Oman News Agency, the visit's program included organizing the "Industrial Forum" in Cairo through joint efforts between the Embassy of the Sultanate of Oman in Cairo and the OCCI branch in North Al Batinah. The forum saw participation from Omani businesspeople and their Egyptian counterparts in the fields of food and pharmaceutical industries, aluminum, shipping and maritime transport, and real estate and industrial development.

The forum's activities were held under the auspices of Abdullah Nasser Al Rahbi, Ambassador of the Sultanate of Oman to the Arab Republic of Egypt and its Permanent Representative to the Arab League. Officials from the General Authority for Investment and Free Zones and the Commercial Representation Service in Egypt were present. In his speech, the Ambassador emphasized the importance of direct meetings between business sectors in both countries. He highlighted that a previous visit by the governorate delegation resulted in the launch of three investment projects in the Wilayat of Sohar, and expressed hope that the current visit would lead to new economic partnerships.

Eng. Said Ali Al Abri, Chairman of OCCI branch in North Al Batinah Governorate and head of the delegation, explained that the visit aims to mutually showcase investment opportunities and provide a platform for delegation members to develop their businesses. The competent Egyptian entities presented a review of the facilities and incentives granted to investors.

The forum witnessed a visual presentation by Mohammed Qasim Al Shizawi, Head of the Investment Development Department at the Office of the Governor of North Al Batinah. He highlighted the comparative advantages and economic indicators of the Sultanate of Oman, incentives in economic zones and industrial cities, and investment opportunities in various sectors.

On the sidelines of the visit, the delegation held talks with the General Authority for the Suez Canal Economic Zone to discuss investment cooperation prospects, and conducted a field tour that included Ein El Sokhna Port and several industrial projects. The delegation also visited the headquarters of the Federation of Egyptian Chambers of Commerce, and the program concluded with a visit to the Grand Egyptian Museum in Cairo.