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2/ Omani Iranian Investment Forum to Kick-off next Tuesday.

Muscat, May 28 (ONA) ---- The Omani- Iranian Investment Forum, organized by the Public Authority for Investment Promotion and Exports Development ' Ithraa' in collaboration with the Sultanate's Embassy in Iran and Iran Chamber of Commerce, Industry and Minerals, will be held next Tuesday in Iran.

The Forum aims at highlighting the investment opportunities and services provided to investors to enhance the trade and investment exchange between the Sultanate and the Islamic Republic of Iran.

Sayyid Faisal bin Turki al-Said, Director General of Investment Promotion in 'Ithraa' said that the Omani- Iranian Investment Forum seeks to focus on the targeted investment sectors, such as the logistic services, mineralsand health care, which may attract Iranian investors, especially the Sultanate provides scores of incentives to potential investors in these sectors. The Omani delegation will highlight to the Iranian participants at the forum the wide range of incentives provided by the Omani government to investors.

He added in a press statement that the Forum stresses the economic and investment cooperation between the Sultanate and the Islamic Republic of Iran, which witnessed a remarkable growth over the past years resulting in setting up a number of joint ventures.

It should be noted that the Islamic Republic of Iran is the second biggest economy in the Middle East and South Africa after Saudi Arabia with a GDP of $393.7 billion in 2015. It is also the second biggest country in terms of population after Egypt with 78.8 million people as of 2015. The Iranian economy is expected to post a 4% growth in 2016.

The value of the Sultanate's imports from Iran till the end of 2013 stood at RO133.2 million whereas the value of the Omani exports to Iran stood at only RO1 million.

The major exchanged good between the Sultanate and Iran include livestock, vegetables, baby formulas, medicines, vehicles, shoes, equipment and air conditions.

--- Ends/MS/FS

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Publication:Oman News Agency
Geographic Code:7IRAN
Date:May 28, 2016
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