Oman And Britain Sign Investment Partnership As Trade Deal With GCC Approaches



Alice Haine | The National

Oman and Britain signed a Sovereign Investment Partnership deal on Wednesday, agreeing to work more closely on increasing high-value investment into both countries as the UK draws nearer to a trade deal with the GCC.

The new pact between the UK’s Office for Investment and the Oman Investment Authority was signed in London by the UK’s Minister for Investment, Lord Gerry Grimstone, and the President of the Oman Investment Authority, AbdulSalam Al Murshidi, with the aim of strengthening economic ties between the UK and Oman.

The partnership also strives to identify and support commercial investments in areas such as clean energy and technology – a key part of the nations’ £1 billion-a-year trading relationship.

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