Omani business delegation heads to Bahrain

Omani delegation visits Bahrain

Muscat: A delegation of Omani businessmen begins today a visit to the capital of the Kingdom of Bahrain, Manama, with the aim of discussing strengthening economic, trade and investment relations between the two brotherly countries.

The delegation, headed by Engineer Redha bin Juma Al Saleh, a member of the Board of Directors of the Oman Chamber of Commerce and Industry, includes a number of members of the Chamber’s Board of Directors and representatives of Omani companies operating in the sectors of education, health, foodstuffs, infrastructure, contracting, jewelry, real estate development, hotels, tourism, logistics, fishing, re-canning and packaging.

Eng. Reda bin Juma Al Saleh said: During the visit, the delegation of Omani businessmen will meet with a number of officials in the public and private sectors in the Kingdom of Bahrain and their counterparts, representatives of Bahraini companies, to discuss joint trade and investment cooperation relations, entering into commercial companies, and opening marketing outlets for their products in the markets of both countries.

He added in a statement to the Oman News Agency that the delegation will hold a meeting with His Excellency the President of the Bahrain Chamber of Commerce and Industry to discuss opportunities for cooperation in investment projects between the two sides. The delegation will also visit the “Sitra” housing project.

He pointed out that the delegation will meet with officials at the Bahrain Economic Development Board to learn about the investment opportunities available in the Kingdom of Bahrain, in addition to visiting the Gulf Finance House.

Eng. Reda bin Juma Al Saleh confirmed that the Oman Chamber of Commerce and Industry is working, through its strategic directions, to expand the base of economic diversification by working to attract foreign investment, especially since the Sultanate of Oman constitutes a major gateway for exports due to its strategic location and proximity to global shipping lines, in addition to the competitive business environment. In the Sultanate, which enhances growth and economic diversification and enables the private sector, he expressed his hope that the Omani Bahraini Investment Holding Company – after the formation of its board of directors – will achieve its goals of increasing the volume of investment in the field of food security and in other sectors on which the visions of the two countries focus.

It should be noted that the volume of trade exchange between the Sultanate of Oman and the Kingdom of Bahrain is constantly growing. In 2022, it reached about 418.3 million Omani riyals, while at the end of last November it reached 232.7 million Omani riyals. The number of Bahraini companies investing in the Sultanate of Oman in 2022 reached about 118 companies, with a capital of 32.2 million Omani riyals, and the Bahraini shareholding in them reached 33 percent.