Muscat, August 22, 2025 – A high-level Uzbek delegation, led by Minister of Investment, Industry, and Trade Laziz Kudratov, visited Oman to advance economic ties. The visit concentrated on exploring trade opportunities and bolstering cooperation between the two nations.
Key Sectors in Economic Cooperation
The Uzbek delegation engaged in extensive meetings with Omani officials, including Minister of Commerce, Industry, and Investment Promotion Qais Al Yousef. Their discussions focused on joint projects that would benefit both countries across various strategic sectors.
Priority Areas for Trade Cooperation
- Oil and gas development
- Renewable energy initiatives
- Agricultural technology
- Textile manufacturing
- Mining and mineral resources
Investment Climate and Foreign Capital
Uzbekistan presented its favorable investment climate, highlighting comprehensive investor protections and competitive tax benefits designed to attract foreign capital. The country’s developed industrial zones offer significant advantages for international businesses.
At an investment exhibition, Omani corporations such as Suhail Bahwan Group and Asyad Group showed interest in collaborations to expand market presence and enhance trade relations.
Agreements to Boost Trade
The two nations reached agreements on economic initiatives within key sectors, establishing a framework for long-term relations and trade diversification. This partnership is expected to substantially boost bilateral trade, create new market opportunities, and benefit businesses in both countries.
Omani media extensively covered the increasing importance of Uzbekistan-Oman relations, marking a new chapter in their trade cooperation.
