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Oman and UK sign agreement to bolster trade relations, investments

The agreement coincides with the meetings being held currently by the strategic British-Omani advisory team.
By TRENDS Desk
January 13, 2022 9:42 pm
  • The trade volume between the two countries reached GBP 1 billion ($1.37 billion) annually.
  • Direct British investments comprise 50 percent of the foreign investments volume in Oman over the past years.

Oman and the United Kingdom have agreed to bolster relations and high-value investment volume, Omani media reports said.

To this effect, an agreement of partnership was signed in London between the Oman Investment Authority and the British Office for Investment.

The agreement of partnership aims to invest in specific fields, namely clean energy and information technology.

Furthermore, the agreement is expected to contribute to the establishment of economic projects in Oman, including ones in the fields of construction, industry and services.

The trade volume between the two countries reached GBP 1 billion ($1.37 billion) annually. Direct British investments comprise 50 percent of the foreign investments volume in Oman over the past years, the reports said.

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