Spain and Oman strengthen their economic alliance with the signing of a Memorandum of Understanding

News - 2025.11.5

The Minister for Economy, Trade and Business, Carlos Cuerpo, and the Minister of Commerce, Industry &. Investment Promotion of the Sultanate of Oman, Qais bin Mohammed bin Moosa Al Yousef, have signed a Memorandum of Understanding to promote cooperation in investment matters, on the occasion of the visit to Spain of H.M. the Sultan of Oman.

5/11/2025. Pedro Sánchez receives the Sultan of Oman, H.H. Haitham Bin Tariq Al-Busaid. The President of the Government of Spain, Pedro Sánc... The President of the Government of Spain, Pedro Sánchez, and the Sultan of Oman, H.M. Haitham Bin Tariq Al-Busaid, during the signing of agreements (Pool Moncloa/Borja Puig de la Bellacasa)

This agreement establishes a framework to boost investment in areas of high economic and social impact for both countries. With an initial term of five years, the partnership covers a wide range of key sectors, including industry, agriculture, energy, infrastructure, logistics, technology and tourism.

The Memorandum provides for mechanisms for the exchange of technical knowledge, advice and experiences, as well as the identification of investment opportunities and the development of joint projects.

The signing of this Memorandum reflects the shared desire of Spain and Oman to consolidate their economic and trade relations. The stable development of bilateral trade and investment since 2020 confirms the great potential to intensify ties between both countries.

Non official translation