One of the most important aspects of cooperation between the two countries that they want to develop is the economic aspect, where there is a desire to increase trade and tourism between the two countries, besides cooperation in strategic projects, transport, services, finance, and other promising fields. In 2020, trade between Egypt and the Sultanate of Oman reached $500 million, according to statements of the Egyptian Minister of Trade and Industry, Nevin Gamea.
She also mentioned that the Omani investments in the Egyptian market amounted to 77.5 million dollars, while the Egyptian assets in Oman amounted to 680 million dollars.
The vital role the Egyptian community plays in the Sultanate is a good indicator of the unique and deep relationship between the two countries. There are currently 65,000 Egyptians living and working in the Sultanate of Oman.
Last June, Egyptian President Abdel Fattah El-Sisi held talks in Muscat with His Majesty Sultan Haitham bin Tarik, where they discussed bilateral and economic relations, as His Majesty expressed his country’s keenness to increase investments in Egypt. This was the second time Sisi visited the Sultanate of Oman since he assumed power. On his first visit in 2018, Sisi met with the late Sultan Qaboos bin Said – may God rest his soul in heaven.
