Shipping Efficiency Crucial to Trade With Oman
Economy, Business And Markets

Shipping Efficiency Crucial to Trade With Oman

Omani and Iranian businesses say trade and investments between the two countries will improve subject to efficient and responsive shipping.
A group of 20 officials and businessmen from the South Batinah branch of Oman Chamber of Commerce and Industry (OCCI) recently visited the Iranian province of Isfahan. This was the third OCCI delegation to visit Iran recently, the Muscat Daily reported without mentioning the exact date of the visit.
An OCCI report on the trip quoted Iranian businessmen as calling for expanding shipping services from Musandam to Bandar Abbas in Iran.
It quoted Hamoud al Saadi, chairman of OCCI South Batinah’s board of directors, as identifying the “lack of organized shipping” and high cost as challenges to investments.
Oman’s National Ferries Company last month launched a service from Khasab in Musandam to Qeshm Island in Iran. In February, a shipping line from Sohar to Shahid Rajaee was also launched, operated by the Iranian company Khedri Jahan Darya.
Saadi also referred to issues related to money transfers, although sanctions on Iran have recently been lifted.
Businessmen are hoping to increase bilateral investments and Iranian manufacturing exports to the Persian Gulf Arab state.
The report said Saadi invited Iranian companies to invest in Duqm. Officials discussed joint opportunities in the fields of cement, pipes and ceramics.
During the trip, the delegation visited steel, ceramics and automotive factories. They also visited an Iranian investment center and the Isfahan Chamber of Commerce, Industries, Mines and Agriculture.
Speaking to Muscat Daily, Khalfan al Bahri, director, OCCI South Batinah, said the improving political situation between Iran and world powers represents an opportunity. “Iran is a big market and we expect to enhance trade between the two countries.”
The OCCI delegation represented companies from wilayats such as Rustaq, Barka, Wadi al Ma’awel and Musannah.

Short URL : http://goo.gl/3JtXeD
  1. http://goo.gl/cUSLts
  • http://goo.gl/AMeDu0
  • http://goo.gl/rZA5E1
  • http://goo.gl/E1nF0f
  • http://goo.gl/leph7I

You can also read ...

The rial has lost more than 30% of its value during the three months to April against the dollar.
Majlis Research Center, the parliamentary think tank, has...
Facebook, Google Hit by $8.8b in Lawsuits
On the first day of GDPR enforcement, Facebook and Google were...
Iranian Startup Boosting Value Added Services
Iranian startup SMS.ir has unveiled a new customer relations...
Tipax and Q-Post agreed to share their resources for the establishment of a courier network between Iran and Qatar to help boost bilateral trade.
A private Iranian courier service firm, Tipax, signed a...
There are 359,700 active heavy-duty vehicles in Iran’s cargo truck fleet, of which 125,000 (34%) are over 15 years old and almost 1,500 trucks are five decades old.
A number of truckers across the country have taken industrial...
Tehran Housing Market Rebounds
Following a very weak performance during the first month of...
Foreign Garment Prices Increase
The prices of foreign garments in the Iranian market have...
Ayandeh Named Iran’s Best Bank by Euromoney
The private Ayandeh Bank has continued its string of success...