In this context, the two parties identified initial investment opportunities worth more than 30 billion dirhams (equivalent to 8.2 billion dollars), provided that feasibility studies are prepared for each of them.
According to the official agency, the investment opportunities discussed by the two sides are in the sectors of hydrogen, solar and wind energy generation, aluminum and green steel, transmission lines and production of water and electricity, as well as food, health and medicine, transportation, services, logistical and technical infrastructure in the Sultanate of Oman, in line with the Sultanate of Oman. “Holding” plans to expand its business internationally, especially in Oman.
The “Holding” and the Oman Investment Authority revealed a partnership agreement worth 10 billion dirhams, through which the two parties aim to enable investments in sectors of priority and common interest between the UAE and the Sultanate of Oman.
The “Holding” and the Omani Group for Communications and Information Technology “Ethmaa”, owned by the Oman Investment Authority, also signed a memorandum of understanding to establish an investment capital fund of 592 million dirhams to invest in technology companies with high growth potential in Oman.
It is noteworthy that the UAE and the Sultanate of Oman signed, on Wednesday, 16 agreements and memoranda of understanding in the field of energy and cooperation in transportation, logistics, maritime transport, cooperation and investment in industry, on the sidelines of the visit of Sheikh Mohamed bin Zayed, President of the UAE to the Sultanate of Oman.
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