Iran, Oman to Establish Joint Investment Committee: Economy Minister

TEHRAN (Tasnim) – Iranian minister of economic affairs and finance announced the signing of an agreement with Oman for setting up a joint investment committee aimed at bolstering bilateral trade.

Speaking in an interview late on Sunday, Seyed Ehsan Khandouzi said a cooperation agreement was inked for launching a joint investment committee between Iran and Oman in the wake of an ongoing visit to Iran by a high-ranking Omani delegation led by Oman’s Sultan Haitham bin Tariq Al Said.

Under the agreement, the two sides agreed to follow up on the implementation of the deals signed between the senior officials of the two countries, he stated.

Also, a cooperation agreement was agreed between the two sides in the field of supporting bilateral investment which would be inked after it is approved by the Omani parliament, Khandouzi continued.

In response to a question on the prospect of economic relations between the two countries in the future, the economy minister said, “Given the volume of bilateral trade between Iran and Oman that increased significantly following last year’s visit by Iranian President Ebrahim Raisi to Muscat, all indications are that the two sides would witness considerable trade boom in the coming year.”

He expressed hope that bilateral joint investment will open a new phase of economic cooperation between the two countries.

Oman’s Sultan arrived in Tehran on Sunday at the head of a high-ranking political delegation at the official invitation of the Iranian president.

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