Omani Newspaper - February 2025

 

The Sultanate of Oman participated as a guest of honor in the 48th Baghdad International Fair, to enhance trade and investment relations between the Sultanate of Oman and the Republic of Iraq, and open new horizons for cooperation in various economic sectors, in addition to supporting partnership opportunities between Omani and Iraqi companies and benefiting from available investment opportunities.

The delegation of the Sultanate of Oman participated in the opening of the economic forum accompanying the Baghdad International Fair, in which more than 20 countries and about a thousand commercial companies are participating, making it a major platform for displaying products and services and strengthening commercial partnerships between businessmen from different countries of the world. The delegation of the Sultanate of Oman was headed by His Excellency Qais bin Mohammed Al-Yousef, Minister of Commerce, Industry and Investment Promotion.

 

The delegation of the Sultanate of Oman met with His Excellency Ghassan Farhan Al-Muhammadi, Economic Undersecretary of the Iraqi Ministry of Trade. The delegation also held a meeting with a number of Iraqi businessmen to discuss investment opportunities and ways to enhance cooperation in the fields of trade, industry and logistics services.

 

In a statement, His Excellency the Minister of Trade, Industry and Investment Promotion stressed the importance of expanding trade relations, noting that the Iraqi market represents a promising opportunity for investment.

 

For his part, His Excellency Faisal bin Abdullah Al Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, explained the importance of strengthening economic partnerships between businessmen in the two countries, indicating that trade and investment cooperation will contribute to supporting joint economic growth and creating new opportunities for the private sector.

 

The Sultanate of Oman is participating in the exhibition with a pavilion that witnessed the participation of more than 30 Omani companies representing various economic sectors, such as industry, trade, logistics services, energy and technology.

 

On the sidelines of participation in the exhibition, His Excellency the Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry met with a number of Iraqi businessmen and representatives of the banking sector, to discuss the challenges facing some Iraqi businessmen in banking transactions.

 

His Excellency the Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry stressed the importance of strengthening economic relations between the Sultanate of Oman and Iraq, noting that the Chamber works to support businessmen by providing innovative solutions to the challenges they face, especially in the financial and banking sector.