Muscat: The Oman-Iran Business Forum, organized by the Oman Chamber of Commerce and Industry (OCCI), discussed investment opportunities incentives provided by the Sultanate of Oman to investors as part of a media initiative launched by the OCCI.

The forum is convened on the sidelines of the current visit of an Iranian trade delegation to Oman under the auspices of Eng. Mohsin Zarabi, Chairman of the Oman-Iran Joint Chamber of Commerce.

Eng. Ridha Jumaa Al Saleh, Chairman of the OCCI, said that commercial exchange between Oman and Iran by the end of June 2020 stood at $306,043,454. The figure comprises Omani exports worth $175,207,219 and Iranian imports of $130,836,260. He described the opportunities made available in sectors of Oman Vision 2040 as promising and capable of opening vistas for firms operating in the sectors of industry, mining, food security and health.

On his turn, Eng. Dhrabi laid emphasis on the importance of promoting economic ties and augmenting the volume of commercial exchange to serve the interests of the two countries.

He added that such meetings assume significance for the rapprochement of views among companies from both sides.

The forum saw the screening of visual displays, notably about the industrial estates in Sohar, Salalah, Al Mazyouna and the Special Economic Zone in Duqm and the advantages offered by the strategic location of each estate.

The two sides mulled the conclusion of agreements and partnerships to help expand bilateral cooperation.