In addition to the long-standing cooperation between the Gulf States, bilateral partnerships among GCC countries have grown particularly since the time of the last decade, assisted through bilateral cooperation committees and leading to the implementation of projects.
The recent visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Oman last week adds much to this, and is expected to gain importance due to the non-unusual methods and policies adopted. Since the implementation of the projects in the bilateral point it is about fewer procedures, the procedure can advance more quickly.
GCC countries have a history of mutually supportive partnerships that have led to significant initiatives, which in turn have contributed to infrastructure development, joint investment and trade, thereby boosting expansion and living standards. One of them is the $403 million Ibri Solar Power Plant, which is built with resources from the Emirates. The task will help reduce the country’s dependence on vegetable fuels for electricity generation and supply electricity to 50,000 homes, while surplus fuel will be exported.
In addition, the Dhofar wind farm, structured with the Abu Dhabi Development Fund, is very important for the development of renewable energy resources, as it would supply electricity to 16,000 homes, or 7% of the demand in Dhofar governorate.
Trade between the UAE and Oman is specifically the volume that has increased through DH 6. 1 billion in joint investments and DH 50 billion over the past 10 years. Moreover, among the GCC countries, Oman is the UAE’s largest trading partner at the moment.
Given the scale of the projects announced during the President’s visit, there will be a qualitative change in cooperation between countries. But it will be different from the previous ones because of the type of projects and the number of joint investments, especially since the focus has been on implementing projects that have blank energy and complicated technologies.
A total of 16 agreements and memoranda of understanding have been signed between the UAE and Oman, covering energy, industry, research, innovation, IT, AI and vocational training. They also included classic industries that will create jobs, such as transportation, agriculture, livestock, fishing, and money services.
Collaboration across the Gulf, whether bilateral or multilateral, is in fact seen as an aid and an addition to the GCC’s overall cooperation. Interestingly, one of the agreements between the UAE and Oman paves the way for a collaboration between Oman Railways and Etihad Rail. In fact, this would help Oman’s rail network speed up the process of joining the Gulf rail network.
This underlines that this momentous will particularly promote bilateral relations as well as regional cooperation in the Gulf.
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