Omani Delegation Visits Algeria to Boost Economic Cooperation
An official Omani delegation visited Algeria to enhance economic cooperation. Led by OIA Chairman Abdulsalam Al Murshidi, the team included ministers and CEOs. Key discussions involved investments in agriculture, pharmaceuticals, and food security, aiming to strengthen bilateral relationships and advance existing agreements.
An official delegation from Oman, led by Abdulsalam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority (OIA), commenced its two-day visit to Algeria on Tuesday. Joining him were key officials including Dr. Saud bin Hamoud Al Habsi, Minister of Agriculture, Fisheries, and Water Resources, and Dr. Hilal bin Ali Al Sabti, Minister of Health, along with several CEOs from OIA-affiliated companies.
The mission is centered on enhancing economic and investment cooperation between Oman and Algeria. Discussions will involve the prospects for collaboration in these fields, aiming to strengthen existing ties at political, diplomatic, and public levels based on shared economic interests.
Al Murshidi underscored the intention to foster mutual investments focusing on pivotal sectors such as pharmaceuticals, agriculture, and food security. He also highlighted potential enhancements in logistics and finance sectors aimed at broadening economic cooperation.
Omani investments already initiated by the private sector in Algeria are set to expand, with government initiatives planned for 2025 to further diversify economic projects and mutual benefits.
Meetings between Omani and Algerian ministers are underway. Dr. Saud bin Hamoud Al Habsi engaged with the Algerian Minister of Agriculture to enhance partnerships in food security. They also reviewed the activation of existing memoranda of understanding regarding agricultural and rural development.
Dr. Hilal bin Ali Al Sabti, during his discussions with his Algerian counterpart, emphasized mutual cooperation in pharmaceutical industries and knowledge exchange. They addressed the priorities of local products in government tenders, aiming for greater governance across public and private sectors.
This visit is part of both nations’ efforts to fortify bilateral relations across various sectors, contributing to sustainable development and mutual investment growth. It also follows discussions from the previous year regarding agricultural and pharmaceutical investment opportunities raised during the Algerian President’s visit to Oman.
The official Omani delegation’s visit to Algeria aims to enhance economic ties and investment cooperation, focusing on key sectors like agriculture and pharmaceuticals. With substantial discussions underway to activate existing agreements and foster mutual investments, both countries are committed to strengthening their bilateral relations and ensuring sustainable development in the coming years.
Original Source: timesofoman.com
