Organised by Ithraa, Oman Chamber of Commerce & Industry and Madayn, the high-profile four-day show is designed to boost trade relations between Rwanda and Oman, according to a press release.
Held at the Kigali Convention Centre, the exhibition is expected to showcase a host of leading Omani businesses from food and beverage, plastics, textiles, metals and minerals, construction and logistics.
According to the 2019 World Bank Doing Business Index, Rwanda is the 29th easiest place to do business in the world - the only low-income country in the top 30.
“Rwanda’s relative ease of doing business and attractive macroeconomic conditions make the country a comfortable base from which Omani companies can expand and export into bigger but less predictable regional markets,” said Ayman al Hsani, OPEX committee head.
According to the Rwanda Development Board 173 investment projects worth US$2bn were registered in 2018, of these an estimated 26 per cent represent export-orientated projects - manufacturing, mining, agriculture and agro-processing accounting for 57 per cent of this investment. “Given Rwanda’s resounding economic success, we see multiple opportunities for Omani exporters. It’s clearly an exciting time to be showcasing our products in this important African market,” said Nasima al Balushi, Ithraa’s director general for investment and exports.
“We’ve seen a rich mix of local products being exported to Rwanda, ranging from fresh fish and marble, to aluminium bars and macaroni. We hope January’s trade show in Kigali will help significantly increase our exports to this important and growing African market,” said Hsani.
Over the past few years, Oman-made products have built a strong reputation internationally, and given Rwanda’s diversification plans there are opportunities for local businesses to forge long-term and mutually beneficial trade ties at the Kigali trade show in January.