Oman (Washington Insider) – Oman’s Minister Qais bin
Mohammed Al Youse met Egypt’s Deputy PM Kamel Al Wazir on Monday, Dec 22, 2025,
to enhance trade, investment, and industrial cooperation, aiming for growth,
jobs, and stronger economic ties.
As QNA reported, Oman’s Minister of Commerce, Industry, and
Investment Promotion, Qais bin Mohammed Al Youse, met on Monday, Dec 22,
2025, with Kamel Al Wazir, Egypt’s Deputy Prime Minister for Industrial
Development and Minister of Industry and Transport.
What steps are Oman and Egypt taking to strengthen trade and
industry?
The meeting took place during Al Wazir’s official visit to
Oman. The 2 ministers discussed ways to strengthen trade and industrial
cooperation between Oman and Egypt. They focused on expanding investment
opportunities, promoting joint industrial projects, and enhancing collaboration
in key sectors.
The ministers said stronger cooperation would help
boost economic growth, create jobs, and enhance regional competitiveness. They
also noted that long-term partnerships in industrial and commercial sectors
could strengthen industrial capacity, support innovation, and open new avenues
for business opportunities.
In June 2022, Oman’s President accepted an invitation to
visit Egypt, where the 2 nations reached agreement on a number of areas of
mutual benefit in the areas of trade, investment, industry, and bilateral
cooperation.
In particular, the 2 countries agreed to invest in one
another’s economies, create trade relationships, establish Industrial Zones in
both nations, and work together to promote economic and social development
through mutual cooperation.
Subsequently, in February 2025, Oman and Egypt signed a
Memorandum of Understanding (MOU) in Cairo aimed at enhancing bilateral
relations and cooperation in agriculture, logistics, tourism, technology, and
other areas; enhancing bilateral trade and technical cooperation.
Furthermore, on 12th May, 2025, Omani and Egyptian firms
entered into an agreement for investment in Industry in order to further
enhance economic collaboration between the two countries. Later, during the
16th Session of the Egyptian-Omani Joint Committee in June, 2025, both
countries signed seven agreements covering investment, labour, media, food
safety, and other areas.
