During President Joao Lourenco’s official visit to Oman, an agreement and two memoranda of understanding were signed between Oman and Angola, focusing on investments in mining, energy collaboration, and strategic financial initiatives. The agreements were signed by key officials from both countries, marking a significant enhancement of bilateral ties.
On Thursday, during an official visit to the Sultanate of Oman, His Majesty Sultan Haitham bin Tarik welcomed President Joao Lourenco of Angola at Al Alam Palace for the signing of significant agreements. These included one formal agreement concerning investments in Angola’s Catoca and Luele mines, alongside two memoranda of understanding (MoUs). The first MoU aims to promote collaboration in the energy sector, while the second focuses on exploring strategic financial initiatives between the two nations.
The agreements were endorsed on behalf of Oman by Abdulsalam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority. Meanwhile, Angolan officials signing the pacts comprised Diamantino Pedro Azevedo, Minister of Mineral Resources, Oil and Gas, and Vera Esperança dos Santos, Minister of Finance. The signing ceremony was attended by members of the Omani royal family, government ministers, military leaders, and the visiting Angolan delegation.
President Lourenco’s official mission concluded on Saturday, after which he was bid farewell at the Royal Airport. Abdulsalam Mohammed al Murshidi and several dignitaries, including H E Dr Rahma Ibrahim al Mahrouqi, Minister of Higher Education, Research and Innovation, and H E Dr Frederico Cardoso, Non-Resident Ambassador of Angola to Oman, were present to see him off. The agreements symbolize a strengthening of bilateral relations between Oman and Angola.
The agreements signed between Oman and Angola represent an important step in enhancing diplomatic and economic relations between the two countries. The investments in Angola’s mining sector are crucial given the resource-rich nature of the country, particularly in diamonds and other minerals. The memoranda of understanding focus on energy cooperation and financial collaboration, addressing key sectors that can foster economic growth and mutual benefits for both nations. This visit and the subsequent pacts illustrate an initiative towards fostering international partnerships that can lead to sustainable development.
The recent agreements and MoUs signed between Oman and Angola signify a key development in bilateral relations, highlighting opportunities for investment and cooperation in vital sectors such as energy and finance. President Lourenco’s official visit underscored the importance of international collaboration, and the resulting agreements are expected to pave the way for further economic and strategic partnerships between the two nations.
Original Source: www.muscatdaily.com
