Economy, Domestic Economy
0

New Shipping Route to Boost Iran-Oman Trade

New Shipping Route to Boost Iran-Oman Trade New Shipping Route to Boost Iran-Oman Trade

A container ship that left Iran’s Khorramshar Port last Saturday to mark the official opening of Khorramshahr-Sohar shipping route docked at Omani port on Jan. 4. The route between the two neighboring countries is expected to increase bilateral trade to $5 billion in the next four years, chairman of Iran-Oman Chamber of Commerce said, Otaghiranoline.ir reported. Mohsen Zarrabi added that trade between the two countries rose from $148 million in the fiscal 2013-14 to $540 million last year (2016-17). The official noted that the opening of two other shipping routes, namely Chabahar-Sohar and Bushehr-Sohar, is also on the agenda of the joint chamber. Sohar Port is a deep-sea port located in Sohar, the capital and largest city of Al Batinah North Governorate midway between Dubai and Muscat.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com