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Gulf Press > Gulf > Oman and Algeria explore ways to improve investment and trade cooperation
Gulf

Oman and Algeria explore ways to improve investment and trade cooperation

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Last updated: 2024/07/15 at 8:46 PM
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Oman’s Minister of Trade, Industry, and Investment Promotion, Qais bin Mohammed Al Yousef, recently engaged in a virtual meeting with Algeria’s Minister of Trade and Export Promotion, Tayeb Zitouni. The purpose of this meeting was to discuss ways to strengthen investment and trade cooperation between Oman and Algeria. Both ministers expressed their desire to encourage companies in their respective countries to enhance partnerships and technology transfer in order to establish long-term cooperation.

During the meeting, both parties highlighted the importance of fostering stronger ties between Oman and Algeria in the realms of investment and trade. By encouraging companies from both countries to collaborate and share technology, they hope to create mutually beneficial relationships that will promote economic growth and prosperity for both nations. This partnership aims to not only boost trade between Oman and Algeria but also to facilitate the exchange of knowledge and expertise.

One of the key outcomes of the meeting was the agreement to work towards increasing investment and trade cooperation between Oman and Algeria. By encouraging companies to collaborate and share technology, both countries hope to establish a strong foundation for long-term cooperation. This partnership aims to create opportunities for companies in Oman and Algeria to work together and benefit from each other’s expertise, ultimately leading to mutual growth and development in the economic sector.

The meeting between the two ministers also highlighted the potential for enhancing investment and trade opportunities between Oman and Algeria. By fostering partnerships and technology transfer, both countries can build a solid foundation for cooperation that will benefit businesses and economies on both sides. This collaboration aims to create a platform for companies in Oman and Algeria to explore new markets, expand their operations, and capitalize on each other’s strengths to drive economic growth and development.

Overall, the virtual meeting between Oman’s Minister of Trade, Industry, and Investment Promotion, Qais bin Mohammed Al Yousef, and Algeria’s Minister of Trade and Export Promotion, Tayeb Zitouni, highlighted the importance of enhancing investment and trade cooperation between the two countries. By encouraging companies to collaborate, share technology, and establish long-term partnerships, Oman and Algeria aim to create a mutually beneficial relationship that will drive economic growth and prosperity for both nations. This collaboration represents a significant step towards building stronger ties between Oman and Algeria in the areas of investment and trade, ultimately paving the way for enhanced cooperation and development in the future.

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News Room July 15, 2024
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