The Outer

The Omani-Brazilian Business Forum discusses ways to enhance trade exchange between the two countries

By Manal Abdel Fattah

The Oman Chamber of Commerce and Industry, in cooperation with the Arab-Brazilian Chamber of Commerce, organized the Omani-Brazilian Business Forum, which was held in the Brazilian city of São Paulo, with the aim of increasing the volume of trade exchange between the Sultanate of Oman and the Federal Republic of Brazil, and creating a common platform between Omani and Brazilian companies.

Rashid bin Amer Al Musalhi, First Deputy Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, said that the forum comes within the framework of the strategic directions approved by the Chamber’s Board of Directors, to serve the private sector in expanding the base of economic diversification and improving the business environment by holding meetings with a number of Brazilian commercial institutions and companies.

He added in his speech that the forum, which came in joint cooperation between the Chamber and the Ministry of Commerce, Industry and Investment Promotion, aimed to introduce investment opportunities in the Sultanate of Oman, especially since the Omani market possesses many investment capabilities that enable it to attract opportunities from South America in general and Brazil in particular.
He pointed out that the geographical location of the Sultanate of Oman qualifies it to be a center for re-exporting Brazilian products and goods to many emerging markets. Due to its proximity to the markets with direct sea lines, he expressed his hope that Brazil will be a gateway for Omani products and investments to enter the promising markets in the South American continent.
He explained that during the forum, Brazilian companies were invited to participate in the “Omani-Brazilian Investment Forum” and the accompanying exhibition for Brazilian companies and institutions, which is scheduled to be held next May in Muscat, stressing the Chamber’s readiness to provide all facilities for the success of this conference, which will be an important step in creating New business partnerships serving the Omani and Brazilian markets.
For his part, Willem Adeeb, Vice Chairman of the Board of Directors of the Arab-Brazilian Chamber of Commerce, stressed the importance of the opportunities and capabilities between the Sultanate of Oman and the Federal Republic of Brazil in strengthening bilateral relations between the two countries through trade and investment exchange, noting that his country has found in the Sultanate of Oman a major capable partner in the fertilizer sector. He added in his speech that the Sultanate of Oman has a strategic geographical location through which Brazilian products can reach a number of international markets, including Asian and African markets.

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