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UAE is largest buying and selling accomplice of Oman at international stage

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Muscat: The overall quantity of non-oil commerce alternate between the Sultanate of Oman and the UAE in 2021 amounted to greater than 46 billion dirhams, because the UAE is the most important buying and selling accomplice of Oman on the international stage, His Excellency Khalifa Shaheen Al Murr, Minister of State on the Ministry of International Affairs and Worldwide Cooperation of the United Arab Emirates, acknowledged.

In an announcement to Oman Information Company, H.E. pressured that cooperation between Oman and the United Arab Emirates enhances promising financial and funding alternatives between the 2 international locations by facilitating procedures for traders, industrialists and businessmen within the fields of trade, superior expertise, future industries, and sustainable industries.

He defined that the signing of 16 memoranda of understanding throughout the go to of His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman, which coated varied sectors, together with house, medical and agricultural expertise, aviation and others, is a sign of help for cooperation and joint coordination in varied financial, funding, cultural and growth fields and pushing them ahead, together with It meets the aspirations of the 2 international locations and achieves their objectives when it comes to sustainable growth.

He identified that the settlement to determine Oman and Etihad Rail Firm, owned equally between the 2 sides, price $3 billion, and the partnership settlement signed between the Oman Funding Authority and the UAE Holding Firm, price about one billion Omani riyals, goals on the two international locations’ keenness to deepen and broaden bilateral relations to advertise development in important and precedence sectors.

And he indicated that the worth of non-oil commerce alternate between the 2 international locations in 2021 amounted to greater than 46 billion dirhams, a development of 9 % over 2020, which makes the Sultanate of Oman the second largest Gulf buying and selling accomplice of the UAE, with 20 % of its whole commerce with the Gulf Cooperation Council international locations.

His Excellency Khalifa Shaheen Al Marar, Minister of State on the Ministry of International Affairs and Worldwide Cooperation of the United Arab Emirates concluded his assertion that cooperation between the Sultanate of Oman and the United Arab Emirates goals to supply extra financial and funding alternatives by facilitating procedures for traders, businessmen and businessmen as a necessary axis of the overseas coverage of the 2 international locations. to the soundness and prosperity of the area.

© Muscat Media Group Offered by SyndiGate Media Inc. (Syndigate.data).

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