Egypt & Oman will establish a joint investment fund

CAIRO – 5 February 2018: Deputy prime minister of Oman, Fahd bin Mahmoud al- Said announced the agreement to establish a joint investment fund between Oman and Egypt, during President Abdel Fattah al- Sisi’s visit to Oman.

Deputy Prime minister praised the steps of economic reformation in Egypt, affirming that Oman is keen to develop co-operation with Egypt in these fields.

During the meeting with Prime minister of Oman, Sisi reviewed the procedures Egypt took to provide an attractive environment for investments, pointing out the national projects implemented by Egypt which offer promising and diversified investment opportunities in many fields, which makes it a huge market for businesses and expresses the aspiration to enhance cooperation between the two countries in the economic and trade fields.

Sisi traveled to Muscat on Sunday for the first time since he took office, upon an invitation from Sultan of Oman Qaboos bin Said.

Talks between the two leaders addressed economic cooperation and trade deals. They also tackled the recent issues in the region, where Sultan Qaboos reviewed his vision to solve the Yemeni crisis in a way that can ease the suffering of Yemeni people. The two leaders also discussed other regional issues in Syria, Lebanon and Iraq.