Oman & Belarus Strengthen Trade and Investment Ties: What It Means for Your Business Opportunities
MUSCAT: The Sultanate of Oman and the Republic of Belarus have reaffirmed their commitment to deepening economic, trade, and investment cooperation during high-level discussions and a joint business forum held in Muscat on Thursday.
Sayyid Anwar Hilal Al Jabri, Minister of Commerce, Industry and Investment Promotion, welcomed Maxim Ryzhenkov, Minister of Foreign Affairs of Belarus, at the ‘Invest in Oman’ lounge. The two officials reviewed bilateral relations and explored ways to enhance collaboration across key sectors.
The talks emphasized boosting trade exchanges, strengthening industrial integration, and developing supply chain linkages between companies from both nations. They also examined opportunities for joint industrial projects in priority sectors and stressed the importance of increasing Omani exports to Belarus.
Both parties highlighted the critical role of the private sector by advocating increased trade delegations and closer cooperation among investors, manufacturers, and suppliers to cultivate sustainable economic partnerships.
Simultaneously, the Oman Chamber of Commerce and Industry (OCCI) hosted the Omani-Belarusian Business Forum, which gathered officials, business leaders, and private sector representatives to discuss investment prospects and reinforce bilateral relations.
Faisal Abdullah Al Rawas, Chairman of OCCI, remarked that the forum demonstrates the shared resolve of Oman and Belarus to advance cooperation to broader, more diversified levels. He noted the forum’s function as a key platform to transform strategic visions into concrete partnerships.
Ryzhenkov highlighted the growing momentum in bilateral relations, fueled by high-level visits from both countries’ leaderships, which have opened up new avenues for economic cooperation.
During the forum, a Memorandum of Understanding was signed between OCCI and the National Center for Export Promotion of Belarus. The agreement aims to enhance trade flows, exchange economic data, and promote joint investments in sectors such as halal industries, petrochemicals, engineering products, and IT services.
The MoU also includes initiatives such as organizing trade delegations, business matchmaking meetings, and participation in major exhibitions like the ‘Belagro’ event in Minsk and a technology forum alongside COMEX in Muscat.
Data indicates that the total trade volume between Oman and Belarus reached approximately RO 374,800 in 2025, with Belarusian investments in Oman amounting to around RO 1.199 million across various sectors.
The meeting and forum were attended by numerous officials and business representatives from both countries, reiterating their shared dedication to expanding economic cooperation and forging long-term strategic partnerships.
— ONA
Special Analysis by Omanet | Navigate Oman’s Market
The bolstered economic partnership between Oman and Belarus signals significant opportunities for Omani businesses to diversify export markets and engage in joint industrial ventures, particularly in halal industries, petrochemicals, and IT services. For smart investors and entrepreneurs, this expansion creates a strategic avenue to leverage enhanced trade links and collaborative projects, while the emphasis on private sector engagement highlights the need to cultivate strong cross-border networks to capitalize on emerging supply chain integrations.
