Plan to enhance private sector cooperation between Oman and Uzbekistan

Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones, held a formal meeting with Laziz Kudratov, the Minister of Industry, Trade, and Investment of Uzbekistan. The discussion focused on strengthening bilateral cooperation between the two nations, with a specific emphasis on private sector engagement and investment opportunities.

According to the Times of Oman, the talks centered on identifying potential synergies within special economic zones and free zones in both countries. Both officials explored mechanisms to facilitate trade and encourage private enterprises to leverage the logistical and industrial advantages offered by their respective jurisdictions. The meeting highlights Oman's ongoing efforts to diversify its economic partnerships and attract foreign investment as part of its broader national development strategy.

This engagement follows a series of diplomatic and economic exchanges aimed at deepening ties between Oman and Central Asian markets. By fostering closer collaboration between the private sectors, both nations aim to increase non-oil trade volumes and create a more integrated business environment. Further details regarding specific investment agreements or joint ventures are expected to be announced as the dialogue between the two ministries continues.