President Abdel Fattah al-Sisi - File photo President Abdel Fattah al-Sisi - File photo

Sisi meets more than 40 Omani businessmen

Mon, Feb. 5, 2018
CAIRO – 5 February 2018: Egyptian Ambassador to Oman Mohamed Ghonaim said that President Abdel Fatah al-Sisi will meet more than 40 businessmen in Oman on Tuesday.

Ghonaim added that big companies of different fields asked to attend the meeting to know about investment opportunities in Egypt.

The ambassador said that economic and investment agreements had been signed between Egypt and Oman.

Ghonaim praised the Egyptian employees in Oman, appealing to the employees to keep the positive image they give about Egyptians.

“We are planning to hold an economic conference to Omani businessmen who are interested in investing in Egypt to increase the trade exchange between the two countries,” Ghonaim added.

The latest report by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the volume of trade exchange between Egypt and Oman witnessed a remarkable improvement during the first eight months of last year, recording $247.749 million, up from $162.215 million the year before.

More than 142 Egyptian companies are operating in Oman with a capital of $194.68 billion (OMR 74.76 billion).

They are operating in many fields, including public trade, contracting, finance and securities, engineering investments, design, tourism, insurance and educational services.

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Sisi traveled to Muscat on Sunday for the first time since he took office, upon an invitation from Oman’s Sultan 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 the Yemeni people. The two leaders also discussed other regional issues, including Syria, Lebanon and Iraq.
 
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