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The UAE and Oman have announced new commercial and business deals worth a total of AED 129 billion ($35 billion). The agreements cover areas including renewable energy, green metals, digital infrastructure, and railways, with an AED 11 billion ($3 billion) plan to connect Oman to the UAE rail network. Among the deals is an industrial and energy mega-project worth AED 117 billion ($32 billion), involving partners such as the Abu Dhabi National Energy Company, Masdar, and the Oman Electricity Transmission Company. UAE’s Minister of Investment stated, “The UAE and Oman have strong historical relations founded on shared values, goals, and principles... The agreements represent a major milestone in our bilateral ties, as they pave the way for us to leverage our collective strength to realize our shared vision of advancement and prosperity.” These deals could reduce reliance on oil and gas by focusing on renewable energy and green metals. 

UAE and Oman Establish $35bn Investment Partnerships Across Multiple Sectors

The UAE and Oman have announced new commercial and business deals worth a total of AED 129 billion ($35 billion). The agreements cover areas including renewable energy, green metals, digital infrastructure, and railways, with an AED 11 billion ($3 billion) plan to connect Oman to the UAE rail network. Among the deals is an industrial and energy mega-project worth AED 117 billion ($32 billion), involving partners such as the Abu Dhabi National Energy Company, Masdar, and the Oman Electricity Transmission Company. UAE’s Minister of Investment stated, “The UAE and Oman have strong historical relations founded on shared values, goals, and principles… The agreements represent a major milestone in our bilateral ties, as they pave the way for us to leverage our collective strength to realize our shared vision of advancement and prosperity.” These deals could reduce reliance on oil and gas by focusing on renewable energy and green metals. 

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