The Oman Chamber of Commerce and Industry (OCCI) signed a memorandum of understanding with the Uganda National Chamber of Commerce on Monday, aimed at developing economic and commercial relations between the two countries. This agreement is intended to enhance cooperation between private sector institutions, encourage business initiatives and investments, create partnerships, and expand trade relations.
Details of the Agreement
This memorandum includes the exchange of economic and commercial information, data and reports, market introductions and investment opportunities, encouraging direct communication between business owners, organizing trade delegations, participating in exhibitions and economic events, exchanging experiences in foreign trade, promoting exports, and providing facilities for visiting delegations.
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Meeting of Officials from Both Countries
This ceremony took place during a meeting in which Faisal Abdullah Al-Rawas, Chairman of the Board of the Oman Chamber of Commerce and Industry, welcomed a delegation from the Uganda National Chamber of Commerce led by Karamoja Alpha Charles, who recently visited Oman. In this session, ways to strengthen commercial and investment cooperation between the Sultanate of Oman and the Republic of Uganda were discussed, and emphasis was placed on expanding partnerships between private sector institutions in both countries.
The Ugandan delegation also reviewed the facilities and incentives that their country offers to encourage investment and attract investors to priority sectors. This action reflects the determination of both countries to strengthen and expand economic and commercial relations and can be seen as a milestone in bilateral cooperation.
Ultimately, the signing of this memorandum represents an important step in strengthening relations between Oman and Uganda and could help expand business opportunities in the near future. Given the existing potentials in both countries, this cooperation could lead to sustainable development and strengthen national economies.
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