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Sultanate of Oman and the Republic of Tanzania: Strengthening Economic Cooperation and Investment in Zanzibar
Economy

Sultanate of Oman and the Republic of Tanzania: Strengthening Economic Cooperation and Investment in Zanzibar

تصویر: تولید هوش مصنوعی

By Khalij News Agency Editorial 2 min Read time 0

In Zanzibar, during the third session of the Omani-Tanzanian Joint Committee, chaired by His Excellency Sayyid Badr bin Hamad Al Busaidi, Minister of Foreign Affairs of Oman, and His Excellency Dr. Mahmoud Thabit Kombo, Minister of Foreign Affairs and East African Cooperation, discussions were held on strengthening economic cooperation and investment.

Emphasis on Historical and Cultural Relations

In his opening speech, His Excellency Sayyid Badr bin Hamad Al Busaidi referred to the depth of historical relations and cultural and human ties between the two countries, stating: "This shared cultural heritage provides a solid foundation for developing partnerships between Oman and Tanzania." He also spoke about the importance of following up on the outcomes of the official visit of Her Excellency President Samia Suluhu Hassan to Oman in June 2022 and emphasized the need to transform the agreements and memorandums of understanding resulting from this visit into joint programs and projects.

Expanding Cooperation in Various Fields

His Excellency the Minister of Foreign Affairs of Oman further emphasized Oman's eagerness to expand economic cooperation and investment and called for strengthening communications between the business communities of the two countries. He also referred to encouraging joint projects in various fields including trade, agriculture, fisheries, transportation, tourism, and logistics services. In this context, exploring new opportunities in education, financial technology, cybersecurity, artificial intelligence, and entrepreneurship was also discussed.

His Excellency Dr. Mahmoud Thabit Kombo also emphasized the importance of historical relations between the two countries during this meeting, stating: "We seek to elevate cooperation to higher levels to capitalize on existing economic and investment potentials." He also stressed the importance of following up on the results of previous meetings and addressing the challenges in implementing joint projects.

At the end of this session, the foreign ministers of Oman and Tanzania signed agreements that included a memorandum of understanding regarding the recognition of maritime documents as well as diplomatic training. On the sidelines of this meeting, His Excellency Sayyid Badr bin Hamad Al Busaidi met with His Excellency Dr. Mahmoud Thabit Kombo and several Tanzanian ministers to exchange views and priorities for economic partnership.

Source: omandaily.om