Oman, Germany trade volume at over 52m euros
BERLIN: The 20th Arab-German Economic Forum was held in the German capital Berlin on Tuesday with the participation of more than 600 experts and decision- makers in the Arab world and Germany in the fields of business and politics, hosted by the Federal Republic of Germany and organised by the GermanArab Chambers of Commerce and Industry.
The Sultanate of Oman participated in the forum with a delegation of Omani officials and businessmen, led by Yahya bin Said al Jabri, Chairman of the Board of Directors of the Special Economic Zone Authority in Duqm (SEZAD) and Said bin Saleh al Kiyoumi, Chairman of Oman Chamber of Commerce and Industry (OCCI).
Al Jabri delivered a speech on behalf of the Sultanate’s government, in which he stressed that the 20th Arab-German Economic Forum is particularly important in promoting the expansion of Arab-German economic relations, especially in the development and growth of investment and trade during the last decade.
He added that the official statistics stated that the volume of trade exchange between the two sides exceeded 52 billion euros in 2015, not to mention the increasing growth of Arab investments in the German Republic, which amounted to about 100 billion euros.
He said that the Sultanate and the Federal Republic of Germany had a long-standing relationship of friendship and cooperation, dating back to the seventeenth century.
He added that volume of trade imports between the two countries reached about $ 922.6 million, adding that the volume of merchandise imports from the Federal Republic of Germany to the Sultanate reached $863 million at the end of 2015, while exports of goods from the Sultanate to the Federal Republic of Germany reached $95.6 million at the end of the same year.
Said bin Saleh al Kiyumi, participated in the joint meeting of the Executive Office and the Board of Directors of the German-Arab Chamber of Commerce.