Libya and Sultanate of Oman agreed on Tuesday to form a joint committee to discuss and review means of promoting joint economic investment opportunities.

This came during an economic talk session held Tuesday afternoon in Tripoli, which included the Secretary of the GPC for Economy, Trade and Investment, Secretary of Arab Affairs of the GPC for Foreign Liaison and International Cooperation, Omani Minister of National Economy, responsible for the ministry of Finance, and the Minister of Commerce and Industry, who are accompanying Sultan Qaboos Bin Said, who is currently on visit to Libya.

Also during the meeting, which was attended by Director General of Libya Foreign Bank and the assistant Secretary of the Great Jamahiriya Economic Development Fund, they agreed on reciprocal participation in economic exhibitions held in both countries.

The Secretary of the GPC for Economy, Trade and Investment underscored the importance of bolstering joint cooperation between Great Jamahiriya and Sultanate of Oman in the different areas, especially in the economic and investment areas.

In this regard, he called for creating common communication through the establishment of Libyan-Omani Businessmen Council, which bolsters economic relations between both countries.

For his part, Omani Minister of National Economy, responsible of the Ministry of Finance, emphasized that Sultan Qaboos Bin Said's visit to Great Jamahiriya will effectively strengthen economic relations, as Libyan-Omani political relations are good and should have a corresponding distinct economic relations.

The Omani minister reiterated his country's keenness to establish an investment fund or a joint holding company that help execute the joint investment projects between the two countries.

During the meeting, they reviewed means of promoting bilateral economic relations and exchanging visits between trade delegations.

[ljbc]