Iran, Oman Offer Special Incentives to Mutual Investors

Iran, Oman Offer Special  Incentives to Mutual Investors Iran, Oman Offer Special  Incentives to Mutual Investors

Tehran is ready to welcome Omani businesses and investors by offering special incentives, said President Hassan Rouhani, as part of continued effort to reach out to the world business community in the wake of the relaxation of economic sanctions last month.

The sanctions relief was granted in return for time-bound restrictions on Tehran's nuclear program under a deal with P5+1 (the five permanent members of the United Nations Security Council plus Germany), which was announced in July and took effect six months later, IRNA reported.

"Iran is ready to provide special facilities for Omani investors and businessmen," Rouhani said in the meeting with Oman's Foreign Minister Yusuf bin Alawi in Tehran on Sunday.

"It is essential to facilitate mutual visits by the two sides' businessmen and lay a strong foundation for increasing cooperation between their private sectors."

The president singled out the energy sector for holding considerable potential for the promotion of bilateral trade, stressing that the potential areas for cooperation should be identified and exploited to the benefit of the two nations.

Rouhani hoped that Alawi's trip would usher in a new era of close Tehran-Muscat collaboration.

"Iran and Oman enjoy exemplary relations in the region, built on friendship and mutual trust," he said.

  Complementary Economies

The Omani foreign minister said Oman, likewise, would be glad to offer "special facilities" to Iranian businessmen.

"The two countries' economies are complementary and this has provided a common ground for cooperation in line with their national interests," he said.

Bin Alawi met Secretary of Iran's Supreme National Security Council Ali Shamkhani earlier in the day.

Shamkhani noted that the situation emerging after the Iran nuclear accord can be used to "bridge the wide gap" in bilateral relations through the improvement of economic cooperation.

Bin Alawi said all regional actors should learn from the past and avoid provocative actions that will only intensify regional tensions.