Oman-Tanzania trade grows to $350 million as investment ties deepen

Trade between Oman and Tanzania has surged to $350 million over the past three years, a significant increase from $140 million, signaling deepening commercial and investment cooperation.

Oman's Ambassador to Tanzania, Saud Hilal Al Shidhani, emphasized the strong historical and cultural bonds between the two nations, which are now fueling rapid growth across various sectors. He noted increased exchanges of business delegations and greater participation by Omani companies in Tanzanian trade exhibitions, fostering sustainable partnerships and identifying new investment opportunities.

Al-Shidhani described Tanzania as a strategic gateway to East Africa, leveraging its Indian Ocean coastline, developing logistics infrastructure, and membership in regional economic blocs like the EAC and SADC. This position grants Omani businesses access to a market of hundreds of millions of consumers.

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Tanzania is a strategic gateway to East Africa due to its Indian Ocean coastline, expanding logistics infrastructure, and membership in the East African Community (EAC) and the Southern African Development Community (SADC), providing Omani businesses access to a regional market of hundreds of millions of consumers.

Following the signing of the Double Taxation Avoidance Agreement and the Investment Promotion and Reciprocal Protection Agreement in 2024, Omani investments in Tanzania have diversified. Key sectors now include oil and gas exploration, mining, manufacturing, agriculture, fisheries, airport management, land transport, and quarantine services. Concurrently, Tanzanian investors are increasingly drawn to Oman's real estate sector, attracted by its stable investment climate.

Future cooperation holds strong potential in logistics, ports, food processing, agriculture, livestock, tourism, renewable energy, mining, special economic zones, and supply chains. The ambassador expressed confidence that bilateral trade and joint investments will continue to expand, supported by governments, chambers of commerce, and the private sector. The Omani Embassy in Tanzania actively promotes economic diplomacy by connecting investors, showcasing opportunities, and facilitating business partnerships.

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logistics, ports, food processing, agriculture, livestock, tourism, renewable energy, mining, special economic zones and supply chains offer the strongest potential for future cooperation.