Oman and Angola signed an agreement and two MoUs during President Lourenco’s visit, focusing on mining investment, energy cooperation, and strategic financial initiatives. The agreements were signed by key ministers from both nations, highlighting strengthened bilateral relations.
Muscat – His Majesty Sultan Haitham bin Tarik and President Joao Lourenco of Angola convened at Al Alam Palace on Thursday to oversee the signing of one agreement and two memoranda of understanding (MoUs) during the latter’s official visit to the Sultanate of Oman. This agreement entails acquiring a stake in Angola’s Catoca and Luele mines, indicating a significant move towards enhancing bilateral trade relations.
The first MoU focuses on fostering collaboration in the energy sector between Oman and Angola, while the second MoU aims to identify potential areas for cooperation in strategic financial initiatives. Abdulsalam bin Mohammed al Murshidi, Chairman of Oman Investment Authority, represented Oman in signing these agreements, while Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources, Oil and Gas, along with Vera Esperança dos Santos, Minister of Finance, signed on behalf of Angola.
The signing ceremony attracted notable attendance, including members of the Royal family, various ministers, military leaders, and delegates from Angola, highlighting the importance of this occasion. President Lourenco’s official visit to Oman concluded on Saturday. He was bid farewell at the Royal Airport by a distinguished delegation, including Abdulsalam Mohammed al Murshidi and other key ministers from Oman, reflecting the strengthening ties between the two nations.
The recent agreements signed between Oman and Angola underscore the growing diplomatic and economic collaboration between the two countries. Participants in the signing included high-level officials, showing the significance of these agreements. The emphasis on energy cooperation and investment in Angola’s mining sector highlights opportunities for both nations in terms of resource management and economic growth. This visit is part of Angola’s broader strategy to engage with Middle Eastern nations to bolster its economic standing, particularly in the mining and energy sectors.
In conclusion, the signing of the agreement and two MoUs between Oman and Angola represents a significant step in enhancing mutual economic cooperation. This partnership opens avenues for investment in Angola’s mining sector and collaboration in energy and strategic financial initiatives, benefiting both countries. The formalities conducted in the presence of high-ranking officials signify the commitment to strengthening bilateral relations.
Original Source: www.muscatdaily.com
