Gamea has received members of the Egyptian-Omani Business
Council, following its first meeting after restructuring.
Sep 8, 2021
Minister of Trade and Industry Nevine Gamea has received members
of the Egyptian-Omani Business Council, following its first meeting after restructuring,
in the presence of Reda bin Juma al Saleh, chairman of the Oman Chamber of
Commerce and Industry, and Ahmed Bin Alawi, head of the Omani side on the council.
“The Egyptian-Omani Business Council plays a pivotal role in facilitating
trade flows and promoting investments between the two countries,” Gamea noted.
She stressed the need to step up efforts at the level of
governments and business communities to bring about a qualitative leap in bilateral
Furthermore, Bin Alawi invited the minister to visit the
Sultanate and chair the second meeting of the joint business council, to be
held in the capital Muscat next November.
For his part, Ahmed Reda, member of the Egyptian-Omani
Business Council, indicated that the council had agreed to launch a website containing
information on the investment
opportunities available in the two markets and to hold meetings periodically four
times a year, alternately between the two countries.
According to official data, bilateral trade stands at $500
million, Omani investments in the Egyptian market amount to $77.5 million in 92
companies in the fields of industry, tourism, construction and agriculture;
while Egyptian investments in Oman add up to $680 million in 142 projects in infrastructure
and real estate.