‘Agreements and MoUs Worth .12 Billion Established Between UAE and Oman’

On April 23, Abu Dhabi, the UAE and Oman inked multiple agreements, memorandums of understanding, and investment partnerships totaling AED 129 billion (.12 billion). The signing took place at the UAE-Oman Business Forum, held alongside Sultan Haitham bin Tariq’s visit to the UAE.

The agreements and MoUs aim to strengthen cooperation between the two nations in various sectors such as renewable energy, green minerals, railway connectivity, investments in digital infrastructure, technology, transportation, and food security. Additionally, an UAE-Omani alliance will be formed to boost bilateral trade and economic relations.

This move signifies a significant step towards enhancing economic ties and promoting growth in the region. The partnership between the UAE and Oman is expected to drive innovation, create jobs, and foster sustainable development.