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FINANCIAL NEWS
Oman, Iran trade volume to hit USD5bn
17 Oct 2016
(MENAFN) The mutual trade between Oman and Iran is predicted to reach USD5bn amid 5 years, from almost USD1bn now.
Moreover, the volume of trade between both sides is increasing and the Sultanate is in a better position to benefit from opening of Iranian market.
The Sultanate’s participation in the Iranian market is well deserved after its role as facilitator and negotiator in the Joint Comprehensive Plan of Action talks.
In addition, many projects, including Iran-Oman gas pipeline, Iran-Oman shipping line and USD250mn worth of shopping mall will boost economic co-op of both sides.
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