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Understanding UAE-Oman relations as Sultan Haitham leaves on state visit today

 

Sultan Haitham, the proclamational ruler of Oman, has left Muscat for a two-day state visit to the UAE. He and Emirati President Sheikh Mohamed bin Zayed are expected to discuss the country’s deep-rooted, historical, and fraternal relations. The leaders aim to maintain security and stability in the region and promote cooperation in various mutual interest fields. The visit aims to boost bilateral relations on various topics, including economic relations.

Dr. Sayyid Al Busaidi, the Oman ambassador to the UAE, believes the visit will accelerate cooperation, integration, and partnership, ensuring more joint investment cooperation. Oman’s investment in the UAE includes financial activities, manufacturing industries, professional and technical activities, real estate, and information and communications. The most important UAE investments in Oman include industrial, financial, banking, tourism, real estate activities, power generation, retail trade sectors, and construction.

The UAE is one of Oman’s most important trading partners, with Omani exports to the UAE exceeding 1 billion Omani rial in 2023, representing a 20.4% increase compared to the previous year. The joint supreme committee between the two countries focuses on economic, commercial, cultural, and educational fields, and works to link electricity and communications networks, coordinate land transport services, and promote joint investment.

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