The MoU establishes a framework for cooperation in investment promotion across 15 economic sectors
During His Majesty King Hamad bin Isa Al Khalifa’s state visit to the Sultanate of Oman, where he had official deliberations with His Majesty Sultan Haitham bin Tariq Al Said, the Sultan of Oman, the two countries signed an MoU establishing a framework for cooperation in investment promotion between Bahrain and Oman. The MoU aims to raise awareness around investment opportunities and further strengthen bilateral relations.
The MoU was officially signed by H.E. Shaikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, and H.E. Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion. The agreement explores cooperation opportunities across 15 key economic sectors, focusing on promoting investment, facilitating public-private partnerships, coordinating promotional activities, and fostering connections between Bahraini and Omani businesses to encourage joint ventures and strategic collaboration.
Omani investment stock in Bahrain reached USD398 million, with USD39.3 million in investment inflows in 2023 alone. The investments were made across vital sectors such as financial services, insurance, mining, healthcare, real estate, and construction, reflecting a commitment to diversifying economic ties.
