Oman, Tanzania explore new opportunities for trade and investment

Business Tuesday 29/September/2026 15:36 PM
By: ONA
Oman, Tanzania explore new opportunities for trade and investment

Dar es Salaam: A delegation from the Ministry of Commerce, Industry and Investment Promotion to the United Republic of Tanzania discussed enhancing communication with government and economic entities and the Tanzanian business community, as well as exploring new opportunities for trade, investment, and building partnerships between the private sectors in the two countries.

The delegation was headed by Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion.

The Undersecretary stressed that relations between the Sultanate of Oman and the United Republic of Tanzania are based on deep historical ties, adding that the coming phase offers opportunities to advance these relations into broader horizons of economic and investment cooperation, noting that the Sultanate of Oman views the United Republic of Tanzania as an important partner in East Africa in light of its economic assets and promising opportunities.

She stated that the Sultanate of Oman represents a strategic gateway for investors to access regional markets and a hub for trade and partnerships between Asia and Africa, capitalising on its strategic geographical location, advanced infrastructure, and stimulating business environment, alongside an integrated system of enablers and incentives supporting the establishment and growth of investment projects.

The Undersecretary added that among the enablers provided by the Sultanate of Oman to investors is the Golden Residency Programme, which constitutes one of the supporting tools to attract investors, business owners, and competencies, providing them and their families with long-term residency, thereby enhancing investor stability and consolidating their connection with the business environment and economic opportunities in the Sultanate of Oman. The programme comes within a broader framework aimed at improving the investor experience and providing a more attractive and stable environment for long-term investments.

Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion clarified that enhancing the Sultanate of Oman's presence in African markets and building sustainable investment partnerships with countries possessing promising economic potential represent one of the important pathways to diversify the investment base and enhance international partnerships, pointing out that Tanzania is among the markets with which the Sultanate of Oman is keen to develop cooperation channels and transform cooperation opportunities into value-added projects and investments.

Al Farooji added that direct communication with the Tanzanian business community allows for a deeper understanding of investors' interests, connecting them with available opportunities in the Sultanate of Oman, and paving the way for establishing investment partnerships in priority sectors.

Saud Hilal Al Shidhani, Ambassador of the Sultanate of Oman to the United Republic of Tanzania, emphasised that Omani-Tanzanian relations are characterised by their historical depth and continuous development, noting the importance of enhancing the economic and investment dimension of these relations and preparing more channels of communication between institutions and the business communities in the two countries.

He stated that relations between the Sultanate of Oman and the United Republic of Tanzania represent a model of well-established ties rooted deep in history, and that current economic and investment activity reflects a joint orientation toward leveraging these ties to build broader and more sustainable economic partnerships.

The Ambassador added that enhancing communication between government institutions and the private sector would enable both countries to benefit from their available assets and opportunities, opening the way for joint investments and projects that serve mutual interests and support the aspirations of the two peoples.

The visit comes to enhance the Sultanate of Oman's economic and investment presence in African markets and build on the well-established historical relations linking it with the United Republic of Tanzania, in a manner that contributes to developing them into a broader economic partnership and benefiting from the opportunities and capabilities enjoyed by both countries.

The visit includes holding a number of bilateral meetings with officials and government and economic institutions in the United Republic of Tanzania, as well as meetings with Tanzanian investors and business leaders to discuss cooperation and investment opportunities, introduce the sectors and investment opportunities available in the Sultanate of Oman, and explore areas that could form a basis for future partnerships and projects between the two sides.