Muscat: The visit witnessed the signing of multiple agreements, including a protocol on economic and technical cooperation, a mutual visa exemption agreement, a draft pact to establish a joint economic committee, and memoranda on transport, combating money laundering and terrorism financing, fisheries, and private sector investment cooperation.
His Excellency Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, emphasized that these agreements are aligned with Oman Vision 2040, aiming to transform the Sultanate into a global investment hub. He highlighted that the agreements build on the cultural heritage shared by the two nations and set the stage for sustainable economic growth, focusing on new sectors like digital transformation and the green economy.
From the private sector’s perspective, His Excellency Faisal bin Abdullah Al Rawas, Chairman of the Oman Chamber of Commerce and Industry, hailed the signing of an MoU between the Chamber and the Russian Roscongress Foundation. He described it as a strategic move to expand trade and investment cooperation between business owners from both countries, opening fresh avenues for expertise exchange and joint ventures.
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The mutual visa waiver agreement was also welcomed as a major boost to tourism. Haitham bin Mohammed Al Ghassani, Director General of Tourism Promotion at the Ministry of Heritage and Tourism, noted that the move would ease travel formalities for Russian tourists, expected to drive a surge in visitor numbers, particularly with Oman Air’s year-round direct flights to Moscow.
In the fisheries sector, Dr. Masoud bin Sulaiman Al Azri, Director General of Agricultural and Fisheries Marketing, outlined the significance of the MoU with Russia’s Federal Agency for Fisheries. The partnership aims to advance scientific research, foster joint investment in marine projects, and promote sustainable fishing technologies — crucial for bolstering food security and elevating the global profile of Omani seafood products.
Officials across sectors expressed optimism that these agreements would not only strengthen bilateral ties but also reinforce Oman’s position as a reliable partner and an emerging force on the international economic stage.
