Sunday 26 / October / 2025
Muscat: Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, received Dr. Amer Bassat, Minister of Economy and Trade of the Lebanese Republic, at the Ministry's headquarters on Sunday. This meeting was held within the framework of strengthening the economic and commercial relations between the Sultanate of Oman and the Lebanese Republic.
The meeting reviewed aspects of trade, investment, and industrial cooperation, and explored ways to develop them to achieve mutual interests. It also discussed a set of proposed initiatives to enhance economic integration, increase trade exchange, and activate maritime and air shipping lines between the two countries.
The two sides also discussed the potential for enhancing the utilisation of the Greater Arab Free Trade Area agreement to expand the base of trade exchange, exploring the participation of Omani and Lebanese companies in joint projects and maximizing the benefits of re-export, in addition to examining the establishment of a joint Omani-Lebanese Business Council to develop relations between business communities in both countries.
The meeting touched upon opportunities for industrial and logistical cooperation, and the possibility of inviting Lebanese companies to benefit from the economic and industrial zones in the Sultanate of Oman for the storage and re-export of Lebanese food products, as well as forming joint working teams to study export and import opportunities between the two countries.
The two sides highlighted the importance of the Omani-Lebanese Forum and the accompanying trade exhibition, scheduled to be held tomorrow, Monday, at the Oman Convention and Exhibition Centre, with wide participation from public and private sector institutions in both countries. The aim is to enhance communication between business owners and showcase available investment and trade opportunities, in addition to signing memoranda of understanding that will contribute to the development of common economic relations.
Qais bin Mohammed Al Yousef affirmed that the Sultanate of Oman attaches great importance to enhancing its economic partnerships with various countries, including the Lebanese Republic. He indicated that the meeting represented an important opportunity to explore future areas of cooperation and exchange ideas on developing trade and investment relations to serve the mutual interests of the two brotherly countries.
