B2B event held to boost Oman, Kuwait trade ties

1/20/2016 4:48:07 PM

(MENAFN- Muscat Daily) Muscat-

The Public Establishment for Industrial Estates (PEIE) organised on Wednesday B2B meetings between Omani industrialists and a high-profile delegation from Kuwait's Union of Consumer Cooperative Societies (UCCS).

The meeting were organised in the presence Hilal bin Hamad al Hasani CEO of PEIE and Saad Mubarak Alshabou chairperson of UCCS.

This event was in line with the objectives identified by UCCS to get acquainted with Omani industries and explore prospects of inking deals to supply Omani products to the Consumer Cooperative Societies in Kuwait given the quality and competitive prices enjoyed by Omani products.

The meeting also offered an excellent opportunity for Omani factories to expand their markets and export their products to Kuwait a PEIE press release said.

Commenting on the importance of such events Hasani stressed that the PEIE undertakes significant efforts to find new markets for quality Omani products and this event endeavours to identify a mechanism to advance entry of these products to the dynamic market of Kuwait.

"We hope this event will see agreements signed to the benefit of Omani products and the national economy" Hasani said.

On whether weak oil prices will affect the competitiveness of Omani products Hasani said "Everyone knows that we are in a competitive market and Omani products record a strong presence in this market. These products can cope with global variables. Besides the efforts of the Public Authority for Consumer Protection are very visible and they are monitoring the domestic market significantly."

Speaking at the event Eng Basim al Nassri PEIE's director general of marketing and media said that this meeting aspires to strengthen trade relations between the sultanate and Kuwait and emphasise the significance of intra-regional trade development between the GCC countries.

"The B2B meetings offer an opportunity for Kuwait's Union of Consumer Cooperative Societies to get acquainted with Omani products and explore opportunities to collaborate with Omani factories and companies" Eng Nassri added.

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