Oman, Algeria explore new avenues for trade, investment cooperation
Algiers, Algeria –Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, held a series of high-level meetings with Algerian ministers and senior officials to explore ways to enhance economic, trade, and investment cooperation between Oman and the People's Democratic Republic of Algeria.
The discussions took place on the sidelines of Oman's participation as the guest of honour at the Algiers International Fair, reflecting the deepening bilateral ties between the two nations.
Yousef met separately with Saïd Grib, Minister of Industry; Kamel Rezig, Minister of Foreign Trade and Export Promotion; Tayeb Zitouni, Minister of Domestic Trade and Market Regulation; and Omar Rekkache, Director General of the Algerian Investment Promotion Agency.
The meetings focused on activating existing agreements and memoranda of understanding, while identifying new areas of partnership in sectors such as manufacturing, food processing, and real estate. The two sides discussed facilitating joint projects, increasing trade volumes, and boosting cross-border investments through targeted incentives and streamlined procedures.
Yousef stressed that these meetings reflect the spirit of the joint communique issued during the historic state visit of His Majesty Sultan Haitham bin Tarik to Algeria in May. He noted that the visit laid the groundwork for a new phase of strategic cooperation across multiple sectors.
'Algeria has shown strong interest in expanding its partnership with Oman, and we see a shared commitment to creating broader opportunities for investors and business leaders in both countries,' Yousef said.
As part of the visit, the minister and his delegation toured the Rouiba Industrial Zone and visited leading Algerian companies, including the National Company for General Industries – a key player in energy and petroleum equipment manufacturing – as well as major producers in the dairy and sugar industries.
The Omani delegation included Saif Nasser al Badai, Oman's Ambassador to Algeria; Faisal Abdullah al Rowas, Chairman of the Oman Chamber of Commerce and Industry; Eng Dawood Salim al Haddabi, CEO of Madayn (Public Establishment for Industrial Estates); along with representatives from various government institutions, private sector entities, and prominent business leaders.
© Apex Press and Publishing Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
44 minutes ago
- Al Etihad
Abdullah bin Zayed receives Pakistani Deputy Prime Minister and Foreign Minister
25 June 2025 12:22 ABU DHABI (WAM) His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received Mohammad Ishaq Dar, Deputy Prime Minister and Minister of Foreign Affairs of Pakistan, as part of the 12th session of the UAE-Pakistan Joint Ministerial Commission, held in Abu Highness Sheikh Abdullah bin Zayed and Mohammad Ishaq Dar discussed bilateral relations and ways to further develop them to serve mutual interests and promote prosperity and well-being for both the meeting, His Highness Sheikh Abdullah bin Zayed and Ishaq Dar signed the minutes of the 12th session of the Joint Ministerial Commission between the two Highness Sheikh Abdullah bin Zayed and his Pakistani counterpart also signed a Memorandum of Understanding (MoU) on the mutual exemption of entry visa requirements between the two sides witnessed the signing of an MoU regarding the establishment of a joint task force to promote UAE investments in strategic sectors in MoU was signed by Mohamed Hassan Al Suwaidi, Minister of Investment, and Tariq Bajwa, Special Assistant to the Prime Minister of also witnessed the signing of an agreement on artificial intelligence and digital economy, signed by Mohamed Hassan Al Suwaidi and Zarar Hashim Khan, Federal Secretary, Ministry of Information Technology and Telecommunications of joint commission meeting was attended by Mohamed Hassan Al Suwaidi, Minister of Investment; Ahmed Ali Al Sayegh, Minister of State; Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs; Omran Sharaf, Assistant Foreign Minister for Advanced Science and Technology; and Hamad Obaid Al Zaabi, UAE Ambassador to Ali Al Sayegh chaired the UAE side participating in the Joint Ministerial Commission, with Tariq Bajwa, Special Assistant to the Prime Minister of Pakistan, chairing the Pakistani his speech, Al Sayegh affirmed that the Joint Ministerial Commission meeting reflects the deep-rooted partnership between the UAE and Pakistan, built on decades of cooperation and shared expressed appreciation to Mohammad Ishaq Dar for his efforts and commitment to advancing bilateral relations between the UAE and Pakistan, as both countries continue to strengthen ties across various sectors of mutual Sayegh stressed that Pakistan is a long-standing partner of the UAE, as reflected in the distinguished bilateral relations since the establishment of diplomatic ties in 1971, noting that these relations continue to thrive, with non-oil trade exceeding $8.6 billion in 2024. He noted that the UAE and Pakistan have spent more than 50 years fostering a partnership rooted in mutual trust, respect and shared objectives, highlighting their joint commitment to a prosperous and forward-looking future for coming generations.
Zawya
an hour ago
- Zawya
African Union Commission (AUC) Chairperson held a bilateral meeting with United States (US) @StateDept Senior Advisor for Africa, H.E. Massad Boulos, & Senior Bureau Official, Hon. @tdf_dc
H.E. @ymahmoudali held a bilateral meeting with US @StateDept Senior Advisor for Africa, H.E. Massad Boulos,&Senior Bureau Official, Hon. @tdf_dc, on the sidelines of the US-Africa Business Summit in Luanda. The Chairperson welcomed renewed US engagement in Africa, particularly in trade, investment,&peace&security. He underscored the importance of fostering a mutually enabling environment, including on trade, investments&market access to promote&advance a more balanced&partnership. Distributed by APO Group on behalf of African Union (AU).
Arabian Business
an hour ago
- Arabian Business
RRS International Development's NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments Exceeds Expectations
In a move that underscores the booming appeal of branded residences in the UAE, RRS International Development has entered Al Marjan Island, Ras Al Khaimah, with the NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments project. Developed in partnership with global hospitality group Minor, the flagship project was oversubscribed at the Expression of Interest (EOI) stage, an early indicator of investor confidence and growing demand for branded residences in the UAE's northern emirates. With escrow accounts now in place, the development is moving toward a sell-out phase. With a project valuation exceeding $100 million, and prices starting at AED 1.65 million (approx. $452,000), this mixed-use development reflects rising demand for well-designed, professionally managed, lifestyle-led real estate. The development comprises 120 hotel keys and 36 fully serviced branded residences, offering a diverse range of unit configurations – from smart one-bed units (starting at 410 sq ft) to premium apartments (starting at 850 sq ft), featuring private jacuzzis and panoramic views. Strategically located just 45 minutes from Dubai International Airport and minutes from Ras Al Khaimah Airport, the NH Collection property is designed for both investors and residents. Ras Al Khaimah's rising status as a leisure and investment hotspot, propelled by upcoming hospitality, infrastructure, and gaming mega-projects, adds to the project's value proposition. 'We saw a clear opportunity to bring a globally recognised hospitality brand to a destination on the rise,' says Rakesh Mirchandani, Co-Founder of RRS International Development and Partner at RRS Capital Management. 'This isn't just another project—it's our commitment to raising the bar for branded living in Ras Al Khaimah and we are very grateful to the RAK leadership for laying such a strong foundation. It reflects our vision of creating high-quality, sophisticated developments in collaboration with world-class partners.' Mirchandani explained how the company's market knowledge helped the developers in creating a unique project. 'With deep roots in the market, we understand what today's investors and buyers are looking for, whether it's strong rental yields, smart pricing, or a well-managed lifestyle destination. This project delivers on all fronts.' Positioned as a lifestyle-driven destination, the NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments raises the bar with a compelling set of luxury amenities. The list of standout lifestyle amenities include two infinity pools – including an architecturally striking see-through podium-level pool and an exclusive rooftop pool, a sky bar, a dramatic pool deck, and a 4-metre-high DJ booth. For active and wellness-focused guests, the property also offers a fun space with a golf and sports simulator. The tropical-chic design, helmed by Arkiplan, in collaboration with HMK Engineering Consultants, and interior designers – B8 Architecture, brings vibrant character and artistic flair to every corner. From larger-than-life gorilla statues to immersive art installations, the development delivers Instagram-worthy moments and curated living experiences designed to appeal to a new generation of global luxury travellers. Minor Group, known for brands like Anantara and Avani, will manage both the fine dining venues and concierge services under the NH Collection banner. Backed by RRS Capital Management, RRS International Development brings a vertically integrated approach to real estate, combining land acquisition, in-house design, and full turnkey delivery. This model has enabled fast, high-quality execution, as seen in the strong market response and in its recent nomination for Best Hotel Design Concept at the Commercial Interior Design Awards 2025. 'At RRS, we are proud to be part of the history being created in this remarkable region. We are deeply thankful to the visionary leadership of the UAE's rulers. We truly believe the UAE is a land of opportunity—where dreams turn into reality,' says Sanjay Narayandas Dhawan, Co-Founder of RRS International Development and Partner at RRS Capital Management. 'The UAE's visionary policies and infrastructure create a powerful platform for growth, making it a safe haven for global investment. We're actively exploring joint ventures and land acquisitions, with Ras Al Khaimah emerging as the next major frontier.' Marjan Island is emerging as the UAE's next major destination for real estate, tourism, and leisure investment. With government-led incentives, pro-investor policies, and a strong focus on sustainable tourism, the island is attracting major international attention. 'The Marjan leadership has ensured a very progressive governance, investor friendly initiatives, and a clear focus on sustainable tourism and development. With branded residences here expected to deliver strong rental yields and capital appreciation—often upwards of 8–10% annually—it's fast becoming one of the most compelling real estate opportunities in the region,' said Rajesh Mirchandani, Co-Founder, RRS International Development. Sameer Sharad Ved, Co-Founder, RRS International Development sums it up: 'The project's early success signals investor trust in the RAK market especially with the thriving and booming growth of Marjan. With upcoming leisure & gaming resorts, increased infrastructure investment, and government-led tourism efforts, the emirate is attracting international attention. The RRS vision is aligned with this momentum, and our NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments project will offer a holistic investment proposition with strong rental yields and seamless management in partnership with our hospitality partner Minor Group.'
