His Excellency Anwar bin Hilal Al Jabri, Minister of Commerce, Industry, and Investment Promotion, met today with His Excellency Dr. Khalifa Rajab, Acting Minister of Oil and Gas of Libya, and His Excellency Dr. Suhail Boushikha, Minister of Economy and Trade of Libya. Discussions focused on strengthening economic, trade, and industrial cooperation and increasing the volume of trade between the Sultanate of Oman and the sisterly State of Libya.
They also discussed ways to enhance integration in supply chains between the industrial sectors of both countries, promote industrial cooperation and attract investments, propose joint industrial projects in priority sectors for both nations, invest in promising sectors, particularly energy, renewable energy, and related industries, and organize specialized forums in sectors of mutual interest to attract Libyan investors to the Sultanate of Oman.
Both sides affirmed their commitment to continuing discussions on exploring joint industrial investment opportunities and identifying export opportunities for Omani products to the Libyan market.
It is worth noting that the volume of trade exchange between the Sultanate of Oman and the State of Libya reached approximately 19.5 million Omani rials in 2025. Omani exports to the Libyan market totaled around 19.26 million Omani rials, distributed between 17.33 million rials in domestic exports and 1.92 million rials in re-exports. Imports from Libya amounted to approximately 190,600 Omani rials.
Regarding investment, Libyan investment in the Sultanate of Oman reached remarkable levels by 2025, with total invested capital reaching approximately 872.3 million Omani rials. This investment was distributed across 368 companies with Libyan contributions, involving 608 Libyan shareholders. The total value of Libyan contributions to these companies amounted to approximately 335.49 million Omani rials, representing about 78.8 percent of the total invested capital.
The meeting was attended by His Excellency Engineer Ghalib bin Saeed Al Maamari, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Trade and Industry, and a number of officials from both sides.
