Oman and Iran Boost Trade Relations: What Growing Ties Mean for Your Business Opportunities in the Region
MUSCAT: Dr. Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, welcomed Mohammad Ali Dehghan, Under-Secretary of the Ministry of Mines, Industry and Trade of the Islamic Republic of Iran, along with his delegation. This meeting is part of ongoing efforts to enhance economic cooperation between Oman and Iran.
The discussions centered on expanding collaboration in the commercial, industrial, and investment sectors. Dr. Masan emphasized Oman’s commitment to strengthening its economic partnership with Iran to support promising industries and increase bilateral trade and investment.
Both parties reviewed agenda items for the upcoming Omani-Iranian Joint Committee meeting, scheduled for January 26–27, 2026. They also evaluated progress made by the Joint Technical Committee and discussed mechanisms for following up on previously agreed recommendations.
Key topics included finalizing procedures for a preferential trade agreement and exploring new opportunities in manufacturing, metals, and advanced industrial technologies. The meeting also underscored the importance of enhancing cooperation between the public and private sectors and promoting joint ventures that benefit the economic interests of both countries.
The Iranian delegation’s two-day visit includes meetings with various officials and site visits to major industrial and economic locations in Oman. This visit highlights the continued commitment of both nations to advancing mutual economic interests and fostering sustainable industrial development. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The deepening economic partnership between Oman and Iran, marked by efforts to finalize a preferential trade agreement and boost collaboration in manufacturing and advanced technologies, presents significant opportunities for Omani businesses to access new markets and diversify industrial capabilities. Smart investors should consider leveraging joint ventures and partnerships in strategic sectors like metals and technology to capitalize on bilateral trade growth while monitoring geopolitical dynamics that could pose risks. This cooperation signals a forward-looking shift toward sustainable industrial development and enhanced public-private sector collaboration in Oman’s evolving economy.
