Representatives also signed a cooperation agreement in various spheres, including maritime transport and ports and astronomical and geophysical research
Egypt and Oman have signed several agreements and memoranda of understanding as part of President Abdel Fattah Al Sisi’s visit to Oman. The visit aims to consolidate bilateral relations between the two countries and discuss areas of common interest.
The two countries inked six MoUs, 2 agreements and 3 executive programs. Representatives also signed a cooperation agreement in various spheres, including maritime transport and ports and astronomical and geophysical research.
Oman’s Ministry of Commerce, Industry & Investment Promotion (MoCIIP) signed a MoU with General Authority for Investment and Free Zone on promoting investment, and with the Egyptian Export Promotion Center on exports development.
The two countries signed three executive programs on youth and sports (2023-2025), technical cooperation in training calibers for the current year, and higher education, scientific research and innovation.
Trade exchange between Egypt and Oman climbed by 7.2% in 2021, recording $586.2 million, compared to $546.9 million in 2020, revealed the Central Agency for Public Mobilization and Statistics (CAPMAS) yesterday. Egyptian exports to the Sultanate 4.1% year-on-year (YoY) to $163.3 million last year from $170.2 million.