Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid met with a delegation from Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) to discuss enhancing bilateral trade and cooperation, according to a statement.  

The meeting addressed opportunities to integrate the economic, special, and free zones of Egypt and Oman, which is expected to scale market access and support cross-border manufacturing and re-export activities.

Egyptian companies would utilize Oman’s free and economic zones to complete manufacturing processes and re-export products to Asian markets. Meanwhile, Oman could leverage Egypt’s strategic geographic position, as well as its industrial and logistics capabilities, to access markets in other regions.

Farid stressed the need to achieve these goals while implementing mechanisms to establish actual projects in the pharmaceutical, food, textile, renewable energy, logistics, and manufacturing sectors.

Discussions further covered the establishment of a joint mechanism to promote investment opportunities across the economic, special, and free zones of both countries.