January 28, 2023

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Iran, Oman Ready to Sign MoU on Cooperation

Iran, Oman Ready to Sign MoU on Cooperation
Iran, Oman Ready to Sign MoU on Cooperation

Secretary of Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones says signing the MoU on cooperation with Oman will lead to job creation and broadening investments in the free zones.

TEHRAN (Iran News) –Secretary of Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones says signing the MoU on cooperation with Oman will lead to job creation and broadening investments in the free zones.

In the meeting with Ambassador of Oman to Tehran Sayyid Dr Ahmed bin Hilal bin Saud Al Busaidi, Secretary of the Council Hojjatollah Abdolmaleki emphasized accelerating the process for signing the MoU on cooperation between the free zones of the two countries.

He said that both sides have reached good agreements for broadening the joint free zones and they have progressed well, adding that he believes the trade relations of both countries can be more than the current amount and signing the mentioned MoU will have great impact on broadening trade and economic relations between Iran and Oman.

He then pointed to the amount of Iran’s exports to Oman in the past year which had been two times more than the preceding year, adding that cooperation between the free zones of the countries will be creating the ground for investment as well as it can increase exports and imports to and from Oman more than ever and it can create the ground for increasing occupation and investment in these zones.

He then pointed to creating bunkering infrastructures in Qeshm Free Trade Zone and noted that Iran is ready to create a joint company with Khasb Free Zone of Oman to offer services to the opposite side.

Abdolmaleki went on to say that financial turnover of bunkering industry in the Persian Gulf is over $20b per year and emphasized that some part of this turnover can be attracted in Oman and Iran.

He stated that Qeshm Free Zone is planning for offering bunkering services to different demanding countries and interested countries in this field, adding that by the way the priority of the country is to share interests with neighboring countries like Oman.

Then Ambassador of Oman expressed his country’s interest for the MoU cooperation between the free zones of both states.

Original News : https://irannewsdaily.com/2023/01/iran-oman-ready-to-sign-mou-on-cooperation/

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