Dr Sultan Ahmed Al Jaber, the UAE’s Minister of Industry and Advanced Technology, lead an Emirati delegation to the Sultanate of Oman in an effort to explore 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.
Dr Al Jaber, accompanied by representatives of several government entities and private-sector companies, 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.
Stressing on the deep and abiding relations between the two countries, Dr Al Jaber said the continued strength of the relations is a source of encouragement and pride. He added 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.
Dr 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.”
The UAE delegation was welcomed by Al Yousef, along with Dr Saleh bin Saeed Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and officials in the public and private sectors.
Al Yousef underscored the importance of developing bilateral relations with the UAE, particularly in industrial sectors and pointed out that the visit of the Emirati delegation to the Sultanate reflected a determination in both countries to exchange views on expanding private-sector partnerships, investment opportunities and trade volumes.
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.
Dr 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 was AED172bn (about 2.7% of UAE’s total foreign trade during this period), with a compound annual growth rate of about 5.7%.
