In efforts to strengthen bi-lateral economic ties, The Pubic Authority for Investment Promotion and Export Development (PAIPED) recently welcomed representatives from the Libyan Export Promotion Center to exchange knowledge and experience between the two nations.
As part of the visit, PAIPED organised a series of informative meetings with various public and private sector bodies to discuss and review means of promoting joint economic investment opportunities. The meetings were held with the Export Credit Guarantee Agency of Oman, Public Authority for the Development of Small and Medium Enterprises, General Directorate for Investment Promotion and Export Development, Directorate General of Customs, Rusayl Industrial Estate and the Industrial Innovation Center. The delegation also visited the Sohar Industrial Zone, the Sohar branch of the Oman Chamber of Commerce & Industry in addition to Sohar Industrial Port Company.
“Boosting relations with various Export promotion centers around the world plays a key role in identifying new avenues for growth, enhancing business opportunities and evaluating the market potential of Omani products internationally,” said Nasima Al Balushi, Director General of Export Development at PAIPED. “The Libyan market is very promising for the Omani Products and we are confident that the Libyan Export Promotion Center’s visit will result in fruitful gains for both Oman and Libya.”
The commercial and economic relations between the Sultanate of Oman and Libya continue to witness tangible development. The purpose of these visits is to establish varied means of cooperation between both sides through signing memorandums of understanding to encourage import and investment that will advance the national economy.
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