Iran, Oman to boost economic ties

Iran’s Ambassador to Oman Mohammad Reza Nouri Shahroudi explored avenues for bolstering economic cooperation in a meeting with Omani Minister of Trade and Industries Masoud al- Sunaidy on Wednesday.

Both sides expressed pleasure over the high level of political ties, stressing the need for bolstering commercial exchanges.

They also highlighted the necessity for issuing visas for commerce activists, developing infrastructure, strengthening transportation fleet and promoting financial and banking relations.

Al- Sunaidy, for his part, said that the volume of economic exchanges between the two countries has reached $ 1.2 billion, expressing the hope that the figure would hit two billion dollars by the end of the year.

“Given Iran-Oman good ties, Muscat is determined to further promote commercial, economic and political relations,” he said.

A short sea distance between Iran and Oman is a suitable opportunity for enhancing ties in all fields, he said.

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