CAIRO - 24 May 2023: The Sultanate of Oman has identified a number of priority sectors for joint investment with the Sovereign Fund of Egypt in Egypt. The sectors include: the pharmaceutical industries, food industries, and renewable energy, which are among the top priorities of the Sultanate of Oman. Omani investments in Egypt amounted to about $80.5 million in 110 projects in the sectors of industry, agriculture, tourism, services, construction, finance, communications and information technology. Egyptian investments in Oman amounted to about $860 million in 142 projects in the fields of: road construction, infrastructure, sanitation, real estate investment and tourism. The volume of trade exchange between the Sultanate of Oman and Egypt increased, reaching $1.23 billion in 2022.

Source: Egypt Today May 24, 2023 07:33 UTC