Oman-Egypt Zone Cooperation Talks: What It Means for Investment and Business Growth Opportunities
MUSCAT: Oman and Egypt recently engaged in discussions to enhance cooperation within special economic zones, free zones, and industrial cities, aiming to deepen economic integration between the two nations.
The meeting took place between Shaikh Dr. Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and Lieutenant General Engineer Kamel Abdel-Hadi al Wazir, Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport.
Both parties reviewed investment opportunities available across economic and free zones in Oman and Egypt, exploring avenues for joint cooperation to foster new economic projects across various sectors. The talks also emphasized the exchange of expertise and technology to improve the competitiveness and appeal of these zones for investors.
The discussions included strategies to optimize the use of production chains and raw materials from existing factories, focusing on bolstering industrial integration and enhancing value-added manufacturing. Additionally, they considered mechanisms to facilitate the movement of goods and industries between the economic, free, and industrial zones of both countries, with the goal of boosting bilateral trade.
Both sides underscored the importance of ongoing coordination, collaborative efforts, and the identification of partnership opportunities to further solidify economic relations between the two brotherly nations.
The meeting was also attended by Yasser Mohamed Ahmed Shaaban, Ambassador of Egypt to Oman, along with several officials from both countries. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
This deepening cooperation between Oman and Egypt in special economic zones and industrial cities signals a strategic push for regional economic integration, opening new avenues for cross-border investment and value-added manufacturing. For businesses and investors in Oman, this presents an opportunity to leverage enhanced trade facilitation, shared expertise, and optimized production chains, positioning themselves at the forefront of a burgeoning industrial partnership with Egypt. Smart stakeholders should now consider strengthening ties within these zones and exploring joint ventures that capitalize on the evolving regional supply networks.
