Omani-Russian Business Forum Opens New Vistas of Bilateral Investments

Muscat: As part of the visit of Abdulmuslim Abdulmuslimov, Prime Minister of the Republic of Dagestan, to the Sultanate of Oman, Oman Chamber of Commerce and Industry (OCCI) today organized an Omani-Russian Business Forum. According to Oman News Agency, the forum aimed to develop commercial relations between the two countries. It discussed ways to consolidate economic and investment cooperation and open up new vistas for investment and partnership in various vital sectors. The forum elaborated on enhancing commercial exchange and exploring promising investment opportunities, notably in the sectors of agriculture, tourism, trade, fisheries, livestock, and construction. It targeted investors, producers, exporters, importers, wholesale companies, and government departments. During the forum, Abdulmuslim Abdulmuslimov emphasized that the Republic of Dagestan places significant importance on strengthening cooperation with the Sultanate of Oman in various fields. He noted that such forums represent milestones in developing future partnerships between the two sides. OCCI Chairman Faisal Abdullah Al Rowas stated that the Omani-Russian Forum embodies the Chamber's vision for upgrading cooperation between Oman and Dagestan. This is part of the OCCI's strategy to develop commercial and economic ties with different countries worldwide. Al Rowas highlighted that the forum constitutes a starting point for further fruitful cooperation, motivates businesses and companies, and enhances the Chamber's role in supporting entrepreneurship and achieving national economic goals. A memorandum of understanding (MoU) was signed during the forum between the Oman Chamber of Commerce and Industry and the Chamber of Commerce of the Republic of Dagestan. The MoU seeks to expand cooperation between the two parties in several vital economic sectors. The forum also featured a visual presentation titled "Explore the Omani Market," presented by Shurooq Hamad Al Farsi, Head of the Committees Department at the OCCI. Shurooq discussed the investm ent opportunities available in the Sultanate of Oman and the current economic trends. The Dagestani side presented a promotional video showcasing investment opportunities in Dagestan, the region's competitive advantages, and its economic and commercial importance as a promising investment hub. The forum concluded with bilateral meetings between business owners from both Oman and Russia. The meetings explored avenues for future cooperation and exchanged views about trade and investment opportunities that could benefit all participating parties.