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FINANCIAL NEWS
Oman to expand shipping and trade tieswith Iran
01 Mar 2016
(MENAFN) Oman aims to spread shipping and trade ties with Iran and get ahead of rivals after the lifting of global sanctions on Tehran, according to leading port officials.
Moreover, the UAE previously had a greater shipping activity with Iran, but Oman’s nearby Sohar port is looking at increasing relations.
In addition, Oman could benefit from a spat between KSA and Iran which saw Riyadh reduce ties last month and others like the UAE to cut relations.
Oman is in talks with Iranian firms seeking for possible investment in the free zone- small metal manufacturing and warehousing supply of building materials.
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