Algiers: The Algerian-Omani Business Forum, titled ‘Algerian-Omani Economic Partnerships: Pioneering Fields and Promising Prospects,” was held today in the Algerian capital, as part of Oman’s participation as the guest of honor at the 56th Algiers International Fair. Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, emphasized that the organization of this forum-attended by elite business leaders from both countries-reflects the mutual interest in strengthening relations, enhancing bilateral investment, and exploring trade and investment opportunities to boost commercial exchange, imports, and exports.
According to Oman News Agency, in his speech, Al Yousef stated that Oman seeks to diversify its imports, promote Omani exports, and establish investment integration between the two nations. He noted that the forum aims to develop joint collaboration and expand the foundations of integration toward broader horizons, building a competitive economy that interacts with global markets, adapts to changes, and sustains national economic growth. He added that both governments are committed to providing all necessary facilities, incentives, and enablers to empower the private sector in contributing to sustainable prosperity and development.
The Minister expressed hope that Oman’s participation as the guest of honor at the 56th Algiers International Fair would enhance investment and trade exchange between the two countries. He called on the private sectors in both nations to play their desired role, with both governments ready to provide all required support.
Meanwhile, Faisal Abdullah Al Rowas, Chairman of Oman Chamber of Commerce and Industry, stated that the forum explored joint partnership opportunities and reviewed available investment prospects in both countries. He added that partnerships between investors in both nations are expected in various sectors, particularly manufacturing and pharmaceuticals, noting that the Algerian market is promising and strategically positioned to provide investors access to neighboring markets.
The forum featured three panel discussions addressing investment opportunities in logistics, manufacturing, and urban development. Additionally, promotional presentations on investment in Oman and Algeria were showcased on the sidelines. Bilateral meetings were held between business leaders from both countries to explore joint trade and investment cooperation, including opening marketing channels for their products and establishing joint investment ventures.
The forum was attended by Saif Nasser Al Badai, Ambassador of Oman to Algeria, along with several officials from the public and private sectors and some business leaders from both nations.