Wednesday 08 / October / 2025
Muscat: Oman Chamber of Commerce and Industry (OCCI) organized a Roundtable Meeting between the Sultanate of Oman and the Republic of Azerbaijan in Muscat on Wednesday.
The meeting focused on the private sector’s role in building effective partnerships, expanding commercial relations, and exploring new investment opportunities that benefit both countries.
Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, stated that this meeting reflects the commitment of both countries to strengthening cooperation and embodies the mutual aspiration to explore new opportunities in the fields of trade and investment. He explained that the meeting opens the door for fruitful dialogue and the creation of effective partnerships.
Al Yousef added that the Sultanate of Oman supports business growth and the enhancement of foreign investment, working to simplify procedures, accelerate digital transformation, and create a more enabling environment for the private sector.
These efforts include numerous initiatives such as “Invest Oman,” the “Oman Future Fund,” and the establishment of the Investment and Commerce Court to provide a supportive legal environment for investors.
He pointed out that the Omani economy offers promising opportunities in sectors of interest to Azerbaijani companies, including minerals, green and renewable energy, logistics, transport, real estate, infrastructure, and agriculture.
For his part, Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan, affirmed that this meeting is part of the two friendly countries’ keenness to enhance economic, commercial, and investment cooperation, stressing the serious desire to expand cooperation horizons in various fields, especially in promising sectors such as renewable energy, tourism, logistics services, technology, and manufacturing industries.
He explained that the private sector in both countries constitutes a fundamental pillar for driving economic development, asserting that establishing effective partnerships between Omani business owners and their Azerbaijani counterparts will contribute to creating new investment opportunities, strengthening trade relations, and supporting economic integration between the two sides.
Furthermore, Faisal Abdullah Al Rowas, Chairman of the OCCI, stated that the meeting crowns the solid relations between the two friendly countries in various fields, particularly in economic and investment aspects, to achieve mutual interests and support the development path in both nations.
He said that the private sectors in both countries possess great potential for building effective partnerships in diverse fields such as energy, tourism, food industries, logistics, information technology, and other promising sectors.
He pointed out that enhancing cooperation between private sector institutions in both countries is an essential step toward establishing joint investment projects, exchanging experiences, and increasing the volume of trade exchange, thereby contributing to job creation and diversifying sources of income.
The meeting included a presentation from “Invest Oman,” which highlighted the investment fundamentals in the Sultanate of Oman and the incentives offered to investors, in addition to showcasing national initiatives aimed at improving the business environment to attract foreign investment and develop economic partnerships between Oman and the rest of the world. A working paper was also presented by the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO), covering the investment fundamentals, opportunities, and Azerbaijan’s strategic geographical location linking Europe and Asia, alongside the supportive investment environment for investors in Azerbaijan.
A number of business owners from both sides attended the meeting. -ONA
