Iran, Oman moving toward era of investment cooperation: Minister
Iran’s finance minister Ehsan Khandouzi says a key focus of Oman’s Sultan Haitham bin Tariq Al Said’s visit to Iran is to work out a mechanism that could improve investments between the two countries.
Khandouzi made the remarks on Sunday after he signed a major memorandum of understating with his Omani counterpart on joint investment projects.
“The purpose of the agreement signed between the two countries is to move from an era of trade to an era of investment between the two countries,” Khandouzi was quoted as saying by the IRIB.
He said Iran and Oman had agreed to set up a joint committee for investment, adding that the two countries had also reached an initial understanding for a joint investment support mechanism.
Experts say an investment agreement with Oman secures new access for Iranian firms to invest in the Arab country while managers and specialists from Iranian companies will be able to work in Omani subsidiaries for several years without restrictions.
The agreement will also remove project limitations on many services and will dismantle joint venture requirements in several key sectors like manufacturing and services.
Iranian President Ebrahim Raeisi said in a meeting with Sultan Haitham and his delegation on Sunday that the two countries should seek to finalize the formation of a fund to support joint investment projects between the two countries.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
Hezbollah attacks Israeli forces after Lebanese homes blown up
World leaders, states hail ICC arrest warrants for Netanyahu, Gallant
MP: US accountable for possible Israeli 'foolishness' to attack Iraq
VIDEO | Israeli policies strangle Palestinian agriculture, economy
Iran's president offers condolences to Pakistan over terrorist attack
Canada’s Yukon town council at standstill over refusing oath to King Charles
Yemen's Houthi calls for jihad to protect Palestine against Israel
VIDEO | Internal rifts within Israel
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
