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Wed 3 Mar 2010 10:06 AM

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Omani exports to Libya to soar by 2013 – expert

Avalon Consulting says sales of some products could rocket by 1000% in three years.

Omani exports to Libya to soar by 2013 – expert
GROWING: Omans exports to Libya could rise to as much as $80m by 2013. (GETTY IMAGES)

Some exports from Oman to Libya could rise by 1000 percent by 2013, a consultant hired by the Sultanate’s export development department has predicted.

"Though the current exports from the country to Libya is nearly $8m, we can expect a steady increase in the exports which will reach between $60m to $80m by 2013,” said Viswanath P, associate vice president of Avalon Consulting, according to the Oman Daily Observer.

“We are confident in saying this as the Libyan market for engineering and electric goods is bustling and Oman has a highly favourable clime to produce them".

Avalon Consulting was asked to write a market study on 32 Oman-manufactured products during 2009 by the Omani Centre of Investment Promotion and Export Development (OCIPED).

OCIPED is organising the visit of a 30-member delegation from March 8-11 to Tripoli, which officials hope will help boost trade and investment between the two nations.

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