Oman and Algeria sign several economic pacts at Algiers International Fair

Oman's participation in the 57th Algiers International Fair resulted in the signing of multiple strategic agreements and memorandums of understanding between Omani and Algerian companies. These accords aim to strengthen economic ties across critical sectors such as logistics, food and fisheries, building materials, manufacturing, and commercial products.

The initiative directly supports Oman Vision 2040, the Sultanate's economic diversification strategy focused on increasing non-oil exports and enhancing the global competitiveness of its national economy. A delegation of 20 Omani companies showcased their offerings across diverse industries, ranging from heavy sectors like iron, agriculture, and fertilizers to consumer markets including pharmaceuticals, perfumes, and traditional handicrafts.

Oman's Ministry of Commerce, Industry, and Investment Promotion utilized the fair as a platform to establish new bilateral investment channels and expand the presence of Omani products in African markets. The event facilitated direct trade deals and business-to-business meetings, enabling Omani enterprises to explore emerging foreign market trends and foster long-term trade exchanges with Algeria.