Oman, US sign $500M MoU for economic cooperation in sectors like communications, biotech, and agriculture.

In 2023, Oman's Ministry of Finance and the U.S. Export-Import Bank (EXIM) signed a $500 million Memorandum of Understanding to enhance economic cooperation. The agreement targets sectors like communications, biotechnology, and agriculture, aiming to improve trade and investment opportunities for Omani firms in the U.S. This partnership seeks to create jobs and support small and medium enterprises in Oman while fostering broader economic growth.

October 26, 2024
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