Oman and the UAE this week announced six investment agreements totaling a whopping AED 129bn ($35bn) under a framework memorandum announced as part of a state visit to the UAE by Oman’s Sultan Haitham Al-Said.
The headline agreement is an AED 117 ($32bn) deal for an “industrial and energy megaproject” that includes “renewable energy initiatives such as solar and wind projects, alongside green metals production facilities.” (CONTINUED - 153 WORDS)