The agreements cover sectors like renewable energy, green metals, railway, digital infrastructure, and technology investments.

Non-oil trade volumes between the two countries reached 50 billion dirhams in 2023.

Mohamed Hassan Al-Suwaidi, UAE's minister of investment, called the deals a major milestone, paving the way for shared advancement and prosperity.

The United Arab Emirates (UAE) and Oman signed several agreements worth a combined total of over 128 billion dirhams ($35.2 billion).

The largest agreement was an industrial and energy megaproject valued at 117 billion dirhams, which includes renewable energy initiatives like solar and wind projects, as well as green metals production facilities.

The project involves several companies from both countries, including Abu Dhabi National Energy Co., Abu Dhabi Future Energy Co., Emirates Global Aluminium, Emirates Steel Arkan, OQ Alternative Energy, and Oman Electricity Transmission Co. Another agreement, worth 660 million dirhams, was signed between Abu Dhabi Developmental Holding Co. and the Oman Investment Authority to establish a technology-focused fund.

Additionally, a rail connectivity project valued at 11 billion dirhams was inked, and the UAE's Ministry of Investment and Ministry of Commerce and Trade signed a deal with Oman's Ministry of Investment Promotion to cooperate in sectors like digital infrastructure, food security, and energy.

Etihad Rail, Mubadala, and Oman's Asyad Group signed a 3 billion dirhams partnership.

The UAE and Oman also formed an alliance to boost economic and trade relations.

The agreements will strengthen ties in various sectors and bring socio-economic benefits, contributing to a stable and prosperous future for both countries.

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