This came during a meeting held between Egypt’s Minister of Foreign Affairs, Badr Abdel Atty, and His Excellency Sayyid Badr bin Hamad Al Busaidi, Minister of Foreign Affairs of the sisterly Sultanate of Oman.
The MoU aims to establish a bilateral framework for investment cooperation and export development, facilitating the exchange of technical knowledge, consultation, and expertise.
The Egyptian exports to Oman reached $194 million in 2024, compared to $190 million in 2023.
The agreement outlines potential areas of collaboration, focusing on training, ship repair, and maintenance.
The fund will be across agricultural industries, food manufacturing, and the field of pharmaceuticals.
