Muscat, Oman – A high-level Algerian-Omani Business Forum convened in Muscat today, marking a significant step towards bolstering economic cooperation between the two nations. The forum took place on the sidelines of the prestigious Oman Agrofood exhibition, a leading international event showcasing agriculture, fisheries, and food industries.
The Algerian delegation, comprised of prominent business leaders and government officials, engaged in fruitful discussions with their Omani counterparts. The focus of the forum centered on identifying and exploring opportunities for joint ventures and increased trade across various sectors.
Key areas of interest included agriculture, fisheries, tourism, and renewable energy, reflecting both countries’ strategic priorities for economic diversification and sustainable development. Participants emphasized the importance of leveraging each other’s strengths and resources to achieve mutually beneficial outcomes.
Discussions also addressed streamlining investment procedures and fostering a more conducive business environment to attract foreign direct investment from both sides. Several memorandums of understanding are expected to be signed in the coming weeks, paving the way for concrete projects and initiatives.
The Algerian Ministry of Trade and Export Promotion released a statement highlighting the forum’s success in fostering a spirit of collaboration and mutual understanding. The ministry emphasized Algeria’s commitment to strengthening its economic partnership with Oman and exploring new avenues for cooperation in the years to come. This forum underscores the growing importance of South-South cooperation in driving economic growth and sustainable development across the region.
