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Egypt-Oman trade exchange hits $500m

Egypt-Oman trade exchange hits $500m
The Omani investments in the most populous Arab nation reached $77.5 million

Cairo – Mubasher: The Egyptian Minister of Trade and Industry, Nevine Gamea, stressed the importance of intensifying efforts between the governments and business communities in Egypt and Oman to enhance bilateral trade and mutual investments. 

Trade exchange between the two countries amounted to $500 million, Gamea said in a statement on Wednesday. 

The Omani investments in the most populous Arab nation reached $77.5 million, injected into 92 companies operating in manufacturing, tourism, construction, and agriculture. 

Meanwhile, the Egyptian investments in the GCC nation stood at $680 million, pumped into 142 companies specialised in infrastructure, road construction, and real estate investment. 

These statements came during the meeting held by the minister with the members of the Egyptian-Omani Joint Business Council.