(MENAFN) As parts of the efforts to promote the bilateral trade and investment between the Sultanate of Oman and Lithuania, Straikas, a Vilnius-based company has signed an agreement with the country for the importing of the Magnum fruit and vegetable juices, Times of Oman reported.
The Lithuanian company said that it expects that the deal will generate about USD122.82 thousands in revenue in 2015 alone, with the first delivery of the products expected to arrive at the beginning of next year.
The Magnum juices have already been exported to almost ten countries worldwide, including European nations, Hong Kong and the United States, with Oman becoming the first export destination for the brand in the Arabic world.
The company also said that it is eyeing another export contract with Oman in the next several months to start delivering its Marmaluzi baby food to the country.
"I am pleased to see that the business ties between Lithuania and Oman are growing rapidly. I am sure we will see more important bilateral trade deals shortly because the two sides are increasingly showing their interest in a number of business areas, including food, information technology and healthcare," the Honorary Consulate of the Sultanate of Oman in Lithuania said.