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Trade Minister Approves Formation of Egyptian-Omani Business Council
Source: 6/9/2018

Trade and Industry Minister Eng. Tareq Qabil formed the businessmen team that will represent Cairo in the Egyptian-Omani business council in the upcoming three years.

The Egyptian side is led by Chairman and Chief Executive Officer of Orascom Development Holding Samih Sawiris.

Head of the Egyptian team will be responsible for submitting a semi-annual report on the activities carried out by the council and the future proposals and plans, with a vision to boosting bilateral cooperation and fulfilling the interests of the two countries, the trade ministry said in a statement.

The council will work on increasing joint investments between Cairo and Muscat, given the volume of trade exchange that hit USD 300 million in 2017, the statement noted.

The move aims at strengthening bilateral trade and economic relations, the statement read.

The Egyptian team's formation comes in culmination of the successful visit paid by President Abdel Fattah El Sisi in February to the Sultanate of Oman and his talks with Sultan Qaboos, the statement added.

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