Oman, Uzbekistan ink deals to expand air links, trade
Tashkent, Uzbekistan – Oman and Uzbekistan have signed agreements to expand air transport rights and strengthen logistical cooperation, aiming to boost trade and investment ties between the two countries.
The accords were reached during the fifth session of the Omani-Uzbek Joint Committee held in Tashkent on Friday. Both sides agreed to increase operating rights for airlines, support the re-export of Uzbek products through Omani ports, and enhance cooperation in scientific research and innovation. They also pledged to facilitate exchanges between their chambers of commerce and business delegations.
The Omani delegation was led by H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, accompanied by H E Wafa bint Jabr al Busaidi, Ambassador of Oman to Uzbekistan. The Uzbek side was headed by Laziz Kudratov, Minister of Investment, Industry and Trade.
Talks covered ways to deepen economic and trade relations and expand collaboration in sectors including energy, agriculture, higher education, tourism and culture. Both sides emphasised stronger partnerships between the public and private sectors.
During his visit, H E Yousef met Sherzod Shermatov, Minister of Digital Technology of Uzbekistan, and discussed investment opportunities and trade challenges with Uzbek businessmen. He also attended roundtable meetings where investors from both countries reviewed available projects.
Omar al Harthy, Senior Investment Analyst at the ministry, delivered a presentation on 'Invest in Oman', highlighting incentives for foreign investors.
The Omani delegation held further meetings with representatives of the electronic payment technology, textiles and e-commerce sectors.
H E Yousef also met Bakhtiar Saidov, Minister of Foreign Affairs of Uzbekistan, to review existing bilateral agreements and discuss updating them in line with current priorities.
The delegation visited the International Exhibition Centre, meeting companies in innovation and industrial technology and viewing new projects by Uzbek institutions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Muscat Daily
14 hours ago
- Muscat Daily
Oman, Uzbekistan ink deals to expand air links, trade
Tashkent, Uzbekistan – Oman and Uzbekistan have signed agreements to expand air transport rights and strengthen logistical cooperation, aiming to boost trade and investment ties between the two countries. The accords were reached during the fifth session of the Omani-Uzbek Joint Committee held in Tashkent on Friday. Both sides agreed to increase operating rights for airlines, support the re-export of Uzbek products through Omani ports, and enhance cooperation in scientific research and innovation. They also pledged to facilitate exchanges between their chambers of commerce and business delegations. The Omani delegation was led by H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, accompanied by H E Wafa bint Jabr al Busaidi, Ambassador of Oman to Uzbekistan. The Uzbek side was headed by Laziz Kudratov, Minister of Investment, Industry and Trade. Talks covered ways to deepen economic and trade relations and expand collaboration in sectors including energy, agriculture, higher education, tourism and culture. Both sides emphasised stronger partnerships between the public and private sectors. During his visit, H E Yousef met Sherzod Shermatov, Minister of Digital Technology of Uzbekistan, and discussed investment opportunities and trade challenges with Uzbek businessmen. He also attended roundtable meetings where investors from both countries reviewed available projects. Omar al Harthy, Senior Investment Analyst at the ministry, delivered a presentation on 'Invest in Oman', highlighting incentives for foreign investors. The Omani delegation held further meetings with representatives of the electronic payment technology, textiles and e-commerce sectors. H E Yousef also met Bakhtiar Saidov, Minister of Foreign Affairs of Uzbekistan, to review existing bilateral agreements and discuss updating them in line with current priorities. The delegation visited the International Exhibition Centre, meeting companies in innovation and industrial technology and viewing new projects by Uzbek institutions.
Times of Oman
15 hours ago
- Times of Oman
Madayn attracts over OMR164mn in food sector investments
Muscat: The total investment in the food sector within the industrial cities under the Public Establishment for Industrial Estates (Madayn) has now exceeded OMR164 million, marking a major milestone in supporting national food security and economic diversification. Madayn is currently home to 98 food industry projects across its various industrial cities, occupying over 1.5 million square metres and providing employment for more than 3,600 workers. This achievement reflects Madayn's continued efforts, in collaboration with related bodies, primarily the Ministry of Agriculture, Fisheries and Water Resources, to enhance local and foreign investment opportunities and attract quality projects that support the Sultanate's food security goals in alignment with Oman Vision 2040. Khalid Al Salehi, Director General of Marketing and Commercial Affairs at Madayn, stated that Madayn has successfully localised 13 new projects in the food industries sector during 2025, attracting a total investment exceeding OMR14 million. These projects will be established across more than 224,000 sqm area, covering activities such as the production of vegetable oils, flour, tuna, bottled water, food packaging, and logistics projects. Al Salehi added that efforts are ongoing to localise more projects in this sector throughout 2025, with several contracts currently under review. As part of its strategic focus on the food industry, Madayn continues to allocate dedicated plots within its industrial cities. Additionally, agricultural zones have been designated in Madayn's new industrial cities in Al Mudhaibi, Thumrait, and Al Suwaiq to support integrated agri-industrial development. Among Madayn's key initiatives to support this sector is the 'Madayn Agriculture' project in cooperation with the Ministry of Agriculture, Fisheries and Water Resources. The initiative aims to establish greenhouses in selected industrial cities to promote local food production, encourage entrepreneurship, enhance food security, and support trade balance by boosting exports and reducing imports. In a step toward international collaboration, Madayn has also signed a memorandum of understanding with a South Korean company to develop a specialised food industry project in the Sultanate. The project will focus on establishing smart farms for growing Korean fruits and the launch of a café centered around farm-produced goods. Al Salehi emphasised that Madayn has recently intensified its promotional efforts for investment opportunities in the food industry sector, both locally and globally, through targeted marketing campaigns and participation in specialised exhibitions. The food industries sector represents one of the key pillars of the Sultanate's industrial base, being a fundamental component of the national food security system in conjunction with other production chains, and a vital sector for achieving economic diversification in line with Oman Vision 2040.
Observer
16 hours ago
- Observer
Oman, Uzbekistan strengthen trade and investment ties
TASHKENT: The Sultanate of Oman and the Republic of Uzbekistan have pledged to deepen cooperation across a wide range of sectors, following the conclusion of the fifth session of the Omani-Uzbek Joint Committee held in Tashkent. The Omani delegation was led by Qais bin Mohammed al Yousef, Minister of Commerce, Industry, and Investment Promotion, accompanied by Wafa bint Jabr al Busaidi, Ambassador of Oman to Uzbekistan. Their Uzbek counterparts were headed by Laziz Kudratov, Minister of Investment, Industry and Trade, along with senior officials from both nations. Discussions during the session focused on expanding collaboration in trade, investment, energy, logistics, agriculture, higher education, tourism, and culture. Both sides also highlighted the growing importance of public-private partnerships in driving sustainable growth. A significant outcome of the meeting was the agreement to enhance cooperation in the air transport sector, including increased operating rights. Both sides expressed interest in strengthening logistical partnerships, particularly by facilitating the re-export of Uzbek products through Omani ports, reinforcing Oman's role as a regional logistics hub. The two countries also agreed to intensify cooperation in scientific research, innovation, and higher education, with a view to supporting knowledge exchange and capacity-building initiatives. Furthermore, the committee underlined the importance of closer engagement between chambers of commerce and business communities in both countries to boost trade volumes and investment flows. On the sidelines of the committee meeting, Al Yousef held bilateral talks with several senior Uzbek officials, including Sherzod Shermatov, Minister of Digital Technologies, and Bakhtiar Odilovich Saidov, Minister of Foreign Affairs. These meetings provided an opportunity to address existing trade challenges and explore new investment prospects. Al Yousef also participated in roundtable discussions involving Omani and Uzbek business leaders, where he promoted Oman as a strategic investment destination. A detailed presentation on the "Invest in Oman" initiative was delivered by Omar al Harthy, Senior Investment Analyst at the Ministry, highlighting the incentives, regulatory reforms, and infrastructure that make Oman attractive to foreign investors. The Omani delegation also conducted a number of field visits, including to the American University of Technology in Tashkent, a subsidiary of Ozman Investment Company, and the Innovation Centre under Uzbekistan's Ministry of Digital Technology. These visits served to identify areas for potential collaboration in education and digital transformation. The delegation visited facilities operated by AKFA Group, a leading Uzbek company involved in industrial manufacturing and education. Meetings were also held with representatives of Uzbek companies specialising in electronic payment systems, e-commerce, and textiles. Adding further significance to the visit, Minister Al Yousef attended the inauguration of the Tashkent branch of the Golden Integration Oil and Gas Company. The launch coincided with the signing of a Memorandum of Understanding between Golden Integration and Oman's Seih Al-Sariyah Company, signalling a new chapter of cooperation in the energy sector. Both sides reaffirmed their commitment to updating and activating existing bilateral agreements to reflect emerging priorities and global economic trends. The successful session of the joint committee marks a notable step in strengthening Oman-Uzbekistan ties, paving the way for broader collaboration in the years ahead. — ONA
