Iran, Oman Aim to Deepen Economic Ties

TEHRAN (Iran News) Leading an 85-member private sector delegation to Oman, Hassanzadeh underscored the growing interest of both nations’ private sectors in expanding bilateral ties. “This conference marks the beginning of a broader and more dynamic cooperation that could extend beyond our two countries to the wider region,” he said.

Highlighting Iran’s strategic focus on enhancing economic ties with neighboring countries, Hassanzadeh noted the private sector’s strong willingness to engage with Omani partners. He emphasized the importance of developing a forward-looking roadmap that leverages both nations’ diverse economic capacities.

He pointed to cultural and historical ties, good neighborliness, and strong political relations as key foundations for sustainable economic collaboration. According to Hassanzadeh, bilateral trade has already surpassed $2 billion in recent years, with strong prospects for further growth.

While outlining areas for future cooperation, Hassanzadeh proposed the following actions: Initiating joint investment projects in both countries; Enhancing long-term trade planning through stable frameworks; Facilitating trade by identifying high-potential goods and services; Leveraging Oman’s logistics infrastructure and Iran’s manufacturing base; Utilizing free trade zones such as Duqm, Sohar, and Chabahar more effectively; Expanding collaboration in technology, particularly in mining, IT, and knowledge-based industries; and encouraging third-country cooperation in engineering, construction, and infrastructure projects.

Hassanzadeh stressed that the Chambers of Commerce of both countries should actively identify joint opportunities and push for supportive policies from their respective governments.

He invited Omani investors to explore opportunities across various sectors in Iran, including: Oil, gas, and petrochemicals; Renewable energy; Power plant construction; Transportation infrastructure;    Agriculture and mining; and automotive and tourism industries

Hassanzadeh placed particular emphasis on health tourism, noting that Iran already hosts around one million health tourists annually, primarily from Arab countries. “Iran’s private sector is fully prepared to provide health tourism services to Omani citizens,” he said.

Beyond trade and investment, Hassanzadeh proposed collaborative infrastructure development, including road construction, rail networks, dam building, and water treatment. He noted Iran’s readiness to provide engineering and technical services, both in Oman and in third-party regional projects.

The conference coincided with the signing of 18 cooperation agreements between Iran and Oman, a move expected to further facilitate bilateral economic activities.

Hassanzadeh concluded by reiterating Iran’s full commitment to regional economic integration through private sector leadership and government support, urging both sides to take concrete steps toward turning shared visions into reality.