Siena:The Oman Chamber of Commerce and Industry (OCCI) has signed a Memorandum of Understanding (MoU) with the Uganda National Chamber of Commerce and Industry to strengthen economic and trade relations between the two nations.
According to Oman News Agency, the agreement seeks to enhance cooperation between private sector institutions, promote trade and investment initiatives, and expand business relations between Oman and Uganda. Key areas of collaboration include the exchange of economic data and reports, market introductions, and the encouragement of direct communication between business owners. The MoU also outlines plans for organizing trade delegations, participating in exhibitions, and exchanging expertise in foreign trade and export promotion.
The signing took place during a meeting where Faisal Abdullah Al Rowas, Chairman of the OCCI Board, hosted a delegation from the Uganda National Chamber of Commerce and Industry, led by Karamagi Alpha Charles. Discussions focused on strengthening trade and investment cooperation, particularly in sectors such as agriculture, agro-processing, tourism, mining, and science, technology, and innovation. Both parties explored the potential for joint projects and partnerships in these fields.
The chambers also agreed to prepare a joint action plan to implement the MoU, with designated focal points at each chamber to oversee coordination. They emphasized the importance of exchanging information on economic events and exhibitions to enable business owners to explore opportunities and enhance trade relations.