The second Middle East boom spreads to Oman

Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun) Trade Negotiation Headquarters Jeong In-kyo is visiting Korea at 14:00 on Monday, April 29. Ali bin Masoud Al Sunaidy is visiting Korea at the Shilla Hotel in Seoul ^. ) and discussed the resumption of the Economic Cooperation Committee between the two countries.

* OPAZ: Oman Public Authority for Special Economic Zones and Free Zones

The Korea-Oman Economic Cooperation Committee ^* planned to hold the 6th meeting in Muscat, Oman in 2019, but it was postponed due to the spread of the COVID-19 virus. Commissioner Al Suneidi, who was visiting Korea for the first time, said that Oman is pursuing industrial diversification in earnest and is particularly investing in the renewable energy sector, and proposed the resumption of the Korea-Oman Economic Cooperation Committee.

* The 5th meeting (Seoul) held in November 2016

Accordingly, Head of Trade Negotiation Headquarters Jeong In-kyo expressed hope that the economic cooperation relationship between Korea and Oman will become stronger through the resumption of the “Korea-Oman Economic Cooperation Committee,” which had been suspended, and that the Economic Cooperation Committee will be resumed as soon as possible to promote investment and cooperation between the two countries. He mentioned that he would like to discuss ways to strengthen economic cooperation, including business development.

Director Jeong also emphasized that Korean companies have been engaging in various cooperation with many countries in the Middle East thanks to their cutting-edge technology and successful development experience, and that he hopes to achieve good results in cooperation with Oman as well. He also added that Oman is planning to order solar power plants in the future. We requested Oman’s active interest and support to enable Korean companies to win orders for green hydrogen and petrochemical projects.

Editor Hye-min Moon