site.btaBulgarian, Omani Economy Ministers Discuss Intensifying Cooperation in Trade and Investment

Minister of Economy and Industry Petar Dilov held a meeting with Dr. Said Mohammed Al-Saqri, Minister of Economy of the Sultanate of Oman, who is on an official visit to Bulgaria, the press centre of the line ministry said on Wednesday.

The two discussed the opportunities for developing economic relations between the two countries, emphasizing cooperation in areas such as trade, investment, high technologies, ICT and artificial intelligence.

Minister Dilov noted the importance that Bulgaria attaches to its cooperation with the Sultanate of Oman, as a strategic partner in the Gulf region. “We will work actively to fully utilize the existing economic potential between the two countries. Bulgaria has consistently shown interest in expanding cooperation, which can contribute both to sustainable economic growth and to strengthening the partnership with Oman in the long term,” he said.

The two ministers agreed that there is potential for joint projects in the field of information technology, digitalization, digital transformation and the creation of data centres. “Bulgaria has capacity in these areas and is positioning itself as a regional innovation centre,” the Minister of Economy said.

The two indicated that they set themselves the goal of increasing bilateral trade, which is still below the potential of the two economies.

Minister Dilov invited Omani companies to invest in Bulgarian industrial zones in sectors with high added value.

The ministers also discussed the possibilities for establishing joint production companies in Bulgaria and Oman, which could provide joint access to the markets of the Middle East and North Africa.

The exchange of business delegations will be key to capitalizing on these opportunities, the two were adamant.