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29 January 2018 11:33 am

Qatar, Oman sign MoU for economic cooperation

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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 issued by the Ministry of Municipality and Environment on Sunday said that the talks session was chaired on the Qatari side by HE the Minister of Municipality and Environment Mohammed bin Abdullah al-Rumaihi and on the Omani side by the Minister of Agriculture and Fisheries Dr Fuad bin Jaafar al-Sagwani. The talks focused on agriculture, livestock and fisheries, ways of developing them and opening new prospects for enhancing cooperation and exchanging experiences and views between the two countries. In a related context, Dr al-Sagwani met with al-Rumaihi, who is visiting the Sultanate, where they discussed issues of mutual interest in the agricultural, animal and fisheries sectors and means of developing and enhancing joint cooperation in these sectors, in addition to cooperation between the two countries in the field of food security and ways to promote investment fields in the agricultural, animal and fisheries sectors. HE the Minister of Municipality and Environment stressed that the strategic relations between the two countries are at the highest level and built on clear basis, pointing out that the signing of the memorandum of understanding was within the framework of strengthening the existing cooperation between the two countries in areas of common interest. Al-Rumaihi said the State of Qatar has many investments in various fields in the Sultanate, and is looking forward 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 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 Qatar's intention to benefit from investment opportunities in the Sultanate. (Source)