Muscat – A 20 strong business delegation managed by Ithraa – Oman’s inward investment and export development agency - returned home Thursday from a successful trade visit to Tanzania.

The delegation’s agenda included a number of high-level B2B meetings at the Hyatt Regency Hotel in Dar es Salaam where they met a wide cross-section of Tanzanian businesses, importers and agents.

Underpinned by favourable demographics, Tanzania has recorded an annual average growth rate of more than 6% over the past decade and is on course to maintain a robust growth rate of 6% going forward. Despite global economic and financial uncertainties, the economy has been able to achieve these consistent growth rates coupled with a low inflation rate, driven by activity in sectors such as mining, energy, construction and manufacturing.

Ithraa’s Head of Export Development, Mazin Al Siyabi commented: “Given Dar es Salaam’s deep water port and Tanzania’s strong trading links to the landlocked countries of Malawi, Zambia, Democratic Republic of Congo, Burundi, Rwanda and Uganda it offers Omani exporters, particularly those in food and beverage, plastics, logistics and infrastructure a range of exciting opportunities.

Given our research, we believe Tanzania offers Omani exporters ample trade and investment possibilities not to mention access to a market of more than 150 million people in the East African Community region. The visit was designed specifically to boost trade between the two countries, help Omani companies grow their export sales and create jobs in the Sultanate.”

Commenting on the Dar es Salaam visit, Mr Ismail Al Rasasi, Managing Director, Mechanical & Technical Solutions LLC said: “We had a very successful trade mission to Tanzania. Special thanks to Ithraa who have been with us every step of the way helping companies like Mechanical & Technical Solutions discover new markets for our innovative products.”

Al Siyabi added: “I want to applaud the Omani businesses whose representatives accompanied Ithraa on this trade mission. Over the past few days, we have worked together to further strengthen our trade and investment ties with Tanzania. Indeed, the delegation not only had the opportunity to meet and build relationships with interested buyers, but could gain market insights, meet industry contacts, plan business strategies, advance specific projects and identify potential partners.”

Mr. Mohammed Al Balushi, Areej Vegetable Oils and Derivatives remarked that the “Tanzanian mission was about cementing and building on existing links, opening new doors for increased Omani exports and collaborative business ventures. As far as we are concerned we leave Dar es Salaam with some very interesting leads.”

-Ends-

About Ithraa

Founded in 1997, Ithraa is a government-run, ISO and Investor in People certified inward investment and export promotion agency.

We provide a range of support services and information to help domestic and international investors set up in, and export from, Oman.

For press enquiries please contact:

Mrs. Sajda Al Ghaithy

Media Director

Ithraa

PO Box 25

Wadi Kabir, 117

Sultanate of Oman

(+968) 24 62 33 84

sajda@ithraa.om 

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.