MUSCAT: Oman and Iraq have formalized their bilateral relations by signing two key agreements along with 24 memoranda of understanding (MoUs) aimed at enhancing cooperation across various sectors. The signing ceremony took place in a cordial atmosphere, reflecting the strong fraternal ties between the two nations. Both governments emphasized the importance of these agreements in fostering strategic collaboration in areas such as energy, trade, investment, education, and infrastructure development. Officials highlighted that this initiative aligns with their shared vision of regional stability and economic growth.
The agreements focus on facilitating smoother trade and investment flows between the two countries, providing a clear framework for joint ventures and collaborative projects. The 24 MoUs cover diverse sectors including energy, transport, health, education, and technology, signaling a comprehensive approach to bilateral cooperation. Government representatives noted that these measures are expected to create opportunities for businesses and enhance socio-economic development in both nations. They also underscored the role of these agreements in strengthening institutional ties and encouraging knowledge and expertise exchange.
During the discussions preceding the signing, both sides explored ways to improve energy collaboration, particularly in oil and gas exploration, renewable energy projects, and electricity transmission. Investment promotion was another key focus, with initiatives designed to facilitate smoother investment processes and provide incentives for joint economic projects. Educational and cultural exchanges were also highlighted, as both countries seek to deepen people-to-people connections and enhance mutual understanding.
Officials expressed optimism that these agreements and MoUs will not only strengthen bilateral relations but also contribute to broader regional cooperation and integration. They stressed the importance of maintaining open channels for dialogue, monitoring the implementation of the agreements, and identifying further areas of collaboration. Analysts view this development as a positive step toward reinforcing economic partnerships, regional stability, and long-term strategic ties between Oman and Iraq.
