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UK, Oman agree to strengthen economic ties, boost investment
Published by maria gbaf
Posted on January 12, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
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Published by maria gbaf
Posted on January 12, 2022
1 min readLast updated: January 28, 2026
UK and Oman have agreed to strengthen economic ties, focusing on clean energy and technology investments, following a high-level meeting.
LONDON (Reuters) – Britain and Oman have agreed to work more closely together to strengthen economic ties and increase high-value investment in areas such as clean energy and technology, following a meeting between the leaders of both countries last month.
UK companies have a long history of investment in Oman and they accounted for nearly 50% of the foreign investment in the country in recent years, Britain said, citing data from the Omani National Centre for Statistic and Information.
The two countries said a Sovereign Investment Partnership, signed in London on Tuesday by UK Minister for Investment Gerry Grimstone and President of the Oman Investment Authority Abdulsalam Al Murshidi, would drive strategic joint investment.
Britain has close strategic and military ties with countries in the Gulf and it is targeting trade deals in the region following Brexit.
It took a first step last year towards trade negotiations with the Gulf Cooperation Council, which comprises Oman, Saudi Arabia, the United Arab Emirates, Qatar, Kuwait and Bahrain.
(Reporting by Paul Sandle; Editing by Cynthia Osterman)
The main topic is the agreement between the UK and Oman to strengthen economic ties and boost investments in clean energy and technology.
It is an agreement signed by the UK and Oman to drive strategic joint investments, particularly in clean energy and technology.
Following Brexit, the UK is targeting trade deals in the Gulf region to enhance economic relations and investment opportunities.
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