September 26 2019, Mucsat, (ONA): The organizing committee of Omani Products Exhibition (OPEX) hosted a coordination meeting yesterday with representatives of Omani companies and factories at Knowledge Oasis Muscat to highlight the preparations for the upcoming OPEX 2020, which will take place in Kigali, Rwanda, during January 22-25 2020.
The Organizing Committee includes The Public Authority for Investment Promotion and Export Development (Ithraa), The Public Establishment for Industrial Estates (Madayn) and Oman Chamber of Commerce & Industry (OCCI). As an organizing committee, they exert their efforts to explore new markets for Omani products in Rwanda and neighbouring African countries as part of the attempts to enhance the Sultanate’s presence in the global trade map.
Ayman Al Hasani, Chairman of the OPEX Organizing Committee, stated that the country selection process of OPEX events is attributed to various factors, including the consumer market size, competitiveness of goods, prices and the best ways to enter the market, in addition to recommendations of Omani businessmen and exporters.
He pointed out that the Sultanate’s exports to Rwanda in 2018 varied between food, beverages, aluminum, asphalt, cables and more, while OPEX 2020 in Rwanda will cover several sectors, mainly food, beverages, mining and petrochemicals .
As per a study conducted by Ithraa, it is expected that the coming period will see a boost in Omani exports to Rwanda in various sectors.
The Ithraa study outlines Omani products with export opportunities to Rwanda, which include urea, tubes of iron or steel and electric conductors, while Rwanda imports other products from countries worldwide, including medicament, cement, wheat and palm oil.
During the meeting, a video presentation was presented to brief the representatives of Omani companies and factories about Rwanda and its rural agricultural products record as 63% of its export earnings, in addition to some minerals and agricultural processing.
The presentation also showed that, the main sources of Rwanda’s foreign exchange, include tourism, minerals, coffee and tea, while Rwanda is consistently well classified for ease of doing business and transparency.
The government of Rwanda aims to be leading the ICT sector in Africa and seeks to reach the middle-income status by 2020 through enhancing the service industry.
Rwanda’s first modern Special Economic Zone was completed by 2012 in Kigali, to attract investments in agribusiness, information and communications, trade, logistics, mining and construction.