Oman and Angola Strengthen Ties with Key Agreements

Sultan Haitham bin Tarik and Angolan President Joao Lourenco signed an agreement and two MoUs in Muscat. The agreement focuses on stakes in Angola’s mines, while the MoUs address energy cooperation and strategic financial initiatives. This event underscores the strengthening ties between Oman and Angola during the President’s official visit, which concluded on Saturday.

On Thursday, His Majesty Sultan Haitham bin Tarik and President Joao Lourenco of Angola participated in a significant signing ceremony at Al Alam Palace in Muscat. During this event, an agreement concerning the acquisition of stakes in Angola’s Catoca and Luele mines was formalized, along with two memoranda of understanding (MoUs). The first MoU addresses collaboration in the energy sector, while the second focuses on strategic financial initiatives. The Omani side was represented by Abdulsalam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority, and the Angolan delegation included Minister Diamantino Pedro Azevedo and Minister Vera Esperança dos Santos.

The signing of the agreement and MoUs marks an important step in strengthening the bilateral relations between Oman and Angola. As both nations continue to explore collaborative opportunities, the focus on energy and financial initiatives reflects their commitment to fostering mutual growth and development. This diplomatic engagement also signifies Oman’s interest in expanding investments into Angola, particularly in its promising mining sector.

In conclusion, the recent agreement and MoUs signed between Oman and Angola signify a vital enhancement of their bilateral relations. By focusing on cooperation in energy and financial initiatives, the two countries are laying a foundation for sustained economic collaboration. As President Lourenco concluded his visit, the outcomes of these discussions represent a promising future for both nations.

Original Source: www.muscatdaily.com