During the meetings held as part of the visit to the Sultanate of Oman, the development of economic cooperation was discussed.
Within the framework of the visit of Minister of Economy Mikayil Jabbarov to Oman, discussions were held on investment and trade cooperation, and an Azerbaijan-Oman business roundtable was organized.
During his visit to the Sultanate of Oman, Minister of Economy Mikayil Jabbarov met with Mohammed Al Habsi, Acting Chief Executive Officer of the Oman Investment Bank.
The meeting addressed the expansion of economic and financial cooperation between Azerbaijan and the Sultanate of Oman, diversification of mutual investment relations, and the development of partnerships in the banking and financial sectors.
The transition to a new stage of financial and investment cooperation, as well as the establishment of the Azerbaijan–Oman Direct Investment Fund, was assessed as an important step in this direction.
The parties emphasized the importance of establishing modern production infrastructure, promoting public-private partnerships, and implementing mechanisms that support the transition to a sustainable economy. They noted that forming joint projects and investment funds among financial institutions would contribute to deepening regional economic ties.
Opportunities for joint activities in areas of mutual interest were also reviewed during the meeting.
Minister Mikayil Jabbarov also met with H.E. Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry and Investment Promotion.
At the meeting, an exchange of views was held on the current state and prospects for expanding economic cooperation between Azerbaijan and Oman. The sides emphasized the importance of diversifying bilateral trade relations, increasing trade turnover and mutual investments, and expanding initiatives to create cooperation platforms between business communities.
It was noted that there are broad opportunities for cooperation in the establishment of modern trade and industrial zones, digitization of public services, promotion of innovation, and development of e-commerce.
The meeting also included discussions on expanding industrial cooperation between the two countries and supporting the development of small and medium-sized enterprises (SMEs).
As part of the Azerbaijani delegation’s visit to the Sultanate of Oman, the Azerbaijan-Oman business roundtable was held. The event was attended by Minister of Economy Mikayil Jabbarov, Oman’s Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef, other officials, and business representatives.
Minister Jabbarov highlighted Azerbaijan’s business and investment opportunities and the main directions where Omani investors could benefit. It was noted that under the new realities, Azerbaijan, which has become a key transport and logistics hub, is increasing its economic potential and creating new opportunities for strengthening regional integration.
It was emphasized that one of the priorities of joint activity is to strengthen business ties through promising projects that serve mutual interests, diversify the economies, and reinforce regional partnerships. The importance of organizing experience exchange on the “SME Houses” model, supporting solutions that accelerate the green energy transition, and promoting joint initiatives in digital transformation was also underlined.
Minister Qais bin Mohammed Al Yousef noted that there is great potential for further expanding economic relations between Oman and Azerbaijan. He stated that deepening partnerships in energy, investment, tourism, infrastructure, and high technologies would serve the sustainable development goals of both countries.
During the event, it was decided to establish an Azerbaijan-Oman Investment Working Group to develop investment cooperation. It is planned to involve representatives of the private sector from both countries in the group's activities.
At the Azerbaijan-Oman business roundtable, Yusuf Abdullayev, Executive Director of AZPROMO, and Juhaina Al Balushi, representative of the “Invest Oman” platform, delivered presentations about the business and investment environment in both countries.
The roundtable concluded with B2B meetings.
