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Qatar, Oman Sign MoU for Economic Cooperation

By
M Ashraf Siddiqui
28/01/2018
in

Doha                                                                                                                                                                                                      28 Jan. 2018                                                                                                                                                                                (QNA)

The State of Qatar and the Sultanate of Oman have signed a memorandum of understanding (MoU) on food production, marketing, joint investment and export of Omani products to Qatar. This took place during the official talks held between the two countries in Muscat.

A press release by the Ministry of Municipality and Environment said Sunday that the talks session was chaired from the Qatari side by Mohammed bin Abdullah Al Rumaihi, Minister of Municipality and Environment and from the Omani side by Dr Fuad bin Jaafar Al Sagwani, Minister of Agriculture and Fisheries . The session focused on the fields of agriculture, livestock and fisheries, ways of developing them and opening new prospects for enhancing cooperation and exchanging experiences and views between the two countries.

Mohammed bin Abdullah Al Rumaihi lauded the strategic relations between the two countries which are at the highest level and built on clear basis. He said that signing of the memorandum of understanding was within the framework of strengthening the existing cooperation between the two countries in areas of common interest.

He said that the State of Qatar has many investments in various fields in the Sultanate, looking forwards to see investment in the Special Economic Zone in Duqm in the areas of food industries and strategic storage as well as investment in some fishing ports, in addition to the development of infrastructure and urban projects within urban planning of coastal regions, especially fishing ports as they are important for food industries and food security.

Dr Fuad bin Jaafar Al Sagwani said the signing of the MoU comes within the framework of the close bilateral relations between the two sides, adding that the MoU included ways to explore possible opportunities for investment in the Sultanate in the fisheries, agriculture and food sector, pointing to the existence of a partnership between Oman and Qatar in this regard as well as to Qatar's intention to benefit from investment opportunities in the Sultanate.

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