Oman invests EGP77.5mln in 92 projects in Egypt

Omani investments in Egypt reached around 77.5 million until September 2019, distributed over 92 projects, according to the ministry of industry and trade Amr Nassar.

While the Egyptian investments in Oman amounted to $680 million in 142 projects, the minister added.

He pointed out that the volume of trade exchange between the two countries last year achieved an increase of 13 percent reaching $ 412 million compared to $364 million in 2017.

Oman and Egypt inaugurated the Omani-Egyptian Joint Business Council which aims at enhancing trade relations between the two countries.

The inauguration ceremony of the council was held between Omani Minister of Commerce and Industry Ali bin Masoud Al Sunaidi and Egyptian Minister of Commerce and Industry Amr Nassar at the Al Bustan Palace Hotel in Omani capital Muscat