The UAE is becoming a member of the Sultanate of Oman in celebrating its 54th Nationwide Day at the moment, marked yearly on 18th November. The event highlights the robust and enduring relationship between the 2 nations, rooted in deep brotherly ties and complete strategic partnership.
Relations between the UAE and Oman proceed to develop, strengthened by the help and steering of the management of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty Sultan Haitham bin Tariq Al Mentioned of Oman.
Every year, the UAE marks Oman’s Nationwide Day with a sequence of occasions, together with lighting up landmarks with the Omani flag, welcoming Omani guests with flowers and presents at border crossings and airports, and internet hosting celebrations in buying malls and leisure venues.
Below Sultan Haitham bin Tariq’s management, Oman has launched into a brand new improvement part, specializing in modernisation, financial diversification, and sustainable development, notably by way of the “Oman Imaginative and prescient 2040”.
This formidable plan goals to diversify and strengthen the nationwide financial system, obtain sustainable financial development at a fee of 5% yearly, and lift the GDP per capita by as much as 90%. It additionally seeks to ascertain a high-quality academic system, create a nationwide framework for analysis, innovation, and knowledge-based industries, and construct a horny setting for Oman’s labour market.
Relating to financial relations, the UAE and Oman additionally share robust financial ties. The non-oil commerce between the 2 nations reached AED51 billion final yr, in comparison with AED48.7 billion in 2022, reflecting a development fee of 5%.
The UAE is Oman’s largest buying and selling associate, each as the largest exporter to Oman and the most important importer of it. The UAE accounts for over 40% of Oman’s complete imports and round 20% of Oman’s exports to international markets.
In April, throughout Sultan Haitham’s go to to the UAE, each nations signed agreements and MoUs value AED129 billion, specializing in sectors reminiscent of renewable vitality tasks, inexperienced minerals, railway connections, and investments in digital infrastructure and expertise, facilitated by partnerships between the UAE Ministry of Funding and Oman’s Ministry of Commerce, Business and Funding Promotion.
Culturally, the UAE and Oman share a wealthy artwork and literature historical past, with deep connections in arts, traditions, and household bonds, additional solidifying their robust ties.
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