- Home
- Middle East
- Oman
- UAE, Oman discuss cooperation, investment in industrial sector, advanced technology, quality infrast ..
UAE, Oman Discuss Cooperation, Investment In Industrial Sector, Advanced Technology, Quality Infrastructure
Umer Jamshaid Published October 18, 2021 | 10:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 18th Oct, 2021) Dr. Sultan Ahmed Al Jaber, the UAE’s Minister of Industry and Advanced Technology, led an Emirati delegation to the Sultanate of Oman today, accompanied by representatives of several government entities and private-sector companies.
Dr. Al Jaber met with Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion in the Sultanate, and a number of officials in related sectors.
The visit explored ways to broaden cooperation between the two countries at both governmental and private-sector levels, especially in the areas of industry, advanced technology and quality infrastructure.
Al Jaber conveyed the greetings of the UAE leadership to the leaders of the Sultanate, stressing the deep and abiding relations between the two countries, which are based on close historical ties and the development of common interests. Bilateral ties between the two were first laid down by the UAE’s founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and the late Sultan Qaboos bin Said.
Al Jaber said the continued strength of the bilateral relations between the countries is a source of encouragement and pride, adding that he is looking forward to further enhancing cooperation in the areas of industry and advanced technology. He noted that the next steps will focus on creating investment opportunities and facilitating measures for investors.
Al Jaber said: "Thanks to the vision and directives of our wise leadership, the UAE is moving rapidly to develop the industrial and advanced technology sectors in the country, investing in research and development and integrating 4IR concepts to achieve the key goals of boosting the national economy and achieving sustainable development.
"
Al Jaber and his delegation were welcomed by Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, Dr. Saleh bin Saeed Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and a number of officials in the public and private sectors.
For his part, Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, underscored the importance of developing bilateral relations with the UAE, particularly in industrial sectors.
Qais bin Mohammed Al Yousef, pointed out that the visit of the Emirati delegation to the Sultanate reflects a determination in both countries to exchange views on expanding private-sector partnerships, investment opportunities and trade volumes between the UAE and Oman.
The visit included meetings with representatives from the Oman Investment Authority, the Public Authority for Economic and Free Zones in the Sultanate, the Public Establishment for Industrial Estates (Madayn), and Oman’s Chamber of Commerce and Industry.
Al Jaber was accompanied by Omar Suwaina Al Suwaidi, Undersecretary of MoIAT, Mohammed Al Shamsi, Group CEO of Abu Dhabi Ports, Khaled Salmeen, Executive Director of ADNOC’s Downstream, Industry, Marketing & Trading Directorate, Jassim Thabet, TAQA’s Group CEO, and a number of officials from MoIAT, Abu Dhabi Holding, and Mubadala Investment Company.
The Sultanate of Oman is among the top 10 trading partners of the UAE. The trade exchange volume between 2017 to 2020 totaled AED172bn, which represents about 2.7 percent of UAE’s total foreign trade during this period, with a compound annual growth rate of about 5.7 percent – an average of AED43 billion per annum.
Related Topics
Recent Stories
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago