Major players in Qatar and Oman’s business sectors have signed several agreements and deals for the supply of Omani goods and products to the Qatari market, Qatar Chamber (QC) has announced.
In a statement, QC said 135 companies in Oman have “expressed readiness” to supply the Qatari market with Omani products. This was announced on the sidelines of a meeting held in Muscat between a Qatar Chamber-led trade delegation and their Omani counterparts.
QC said the meeting “achieved great success”. The Qatari delegation, which included 140 businessmen, attended bilateral meetings with their Omani counterparts, who discussed the range of Omani products that could be exported to Qatar.
The meetings in Muscat focused on the export of Omani products to Qatar, mainly foodstuff, luxury goods and building materials, QC said.
The chamber said over the next few days, Omani products will be seen in the Qatari market, supported by the launch of two direct shipping routes between Hamad Port and the Omani ports of Sohar and Salalah, which would contribute to enhancing the movement of trade between the two countries.
QC vice-chairman Mohamed bin Towar al-Kuwari, who led the delegation from Doha, said Qatari businessmen “were very interested” in visiting the Sultanate to review ways to strengthen relations with their Omani counterparts. They also assured their desire to deepen co-operation in investment and business fields.
Addressing the forum, al-Kuwari stressed that Qatar and Oman enjoy “distinct and developing relations”, noting that both parties are exerting “great efforts to strengthen their relations in all sectors” and that there are “many mutual investments in both brotherly countries”.
He expressed hope for both sides to increase their partnerships in the sectors of trade, industry, transport and food security. “Now is the time to complement one another,” al-Kuwari stressed.
He added that the circumstances are “now appropriate” for the private sector in Qatar and Oman to work on economic integration, noting that Oman has important ports on the Arabian Sea, and in co-operation with Hamad Port, the two sides can achieve economic integration that will enhance trade between the two countries and the world.
According to official statistics, the total Qatari investments in Oman reached 76.5mn Omani riyals (QR727mn) in 2015. Trade volume between Qatar and Oman stood at QR2.8bn in 2014 and increased to QR3bn in 2015.
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