Oman, Azerbaijan Discuss Means of Enhancing Joint Economic, Investment Cooperation

Muscat, 8 Oct (ONA) --- Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, today received at his office Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan.

The visit aims to discuss ways to enhance economic and investment cooperation between the two friendly countries and open new horizons for partnership in multiple sectors.

The two sides discussed means of developing commercial and investment relations between the Sultanate of Oman and the Republic of Azerbaijan, and reviewed cooperation opportunities in several areas, including air freight, investment in the agricultural and energy sectors, as well as mining, fertilizers, and other fields. They also discussed establishing joint investments.

During the meeting, emphasis was placed on the importance of benefiting from the agreements signed between the two countries and with other nations, and organizing meetings and forums for businessmen to explore investment opportunities and connect relevant entities from both sides with their counterparts.

The two sides also affirmed the importance of forming an Omani-Azerbaijani Business Council, establishing a joint working committee for economic and investment cooperation, and studying the signing of agreements for the protection and encouragement of investments and avoidance of double taxation.

They stressed the importance of continued communication between the relevant authorities in both countries and organizing periodic meetings and economic events that contribute to enhancing integration and alignment between Oman Vision 2040 and Azerbaijan's Economic Development Goals 2030.

---Ends/AG