Driven by the collective determination of the Gulf leaders to pursue a shared vision for the security and prosperity of their peoples, the visit of His Majesty Sultan Haitham bin Tarik to the State of Kuwait reflects mutual commitment to expanding cooperation not only for the two nations but rather for all the Gulf Cooperation Council (GCC) nations.
The visit serves as a step to broaden strategic partnership reflecting the mutual commitment to expanding cooperation and the exchanges between Oman and Kuwait not only strengthen diplomatic ties but also pave the way for enhanced economic cooperation among GCC countries.
After the historic visit of Shaikh Mishal Al Ahmad Al Jaber al Sabah, Emir of Kuwait, to the Sultanate of Oman on February 6, the visit of His Majesty Sultan Haitham bin Tarik to the State of Kuwait has confirmed the keenness of the leaderships of the two brotherly countries to strengthen their historical relations and consolidate their bonds.
The meeting between the two leaders is seen as a pivotal moment in strengthening the unity and this visit would boost the historical relations between Oman and Kuwait, serving as a step to broaden strategic partnership.
It reflects the mutual commitment to expanding cooperation and integration and marks a significant milestone to further explore areas of the existing cooperation between the two countries in various spheres and means of promoting them.
As part of His Majesty's visit to Kuwait, the Sultanate of Oman and the State of Kuwait signed four memorandums of understanding (MoUs) in the fields of direct investment, metrology activities, diplomatic studies and training, as well as another MoU between the Oman Investment Authority (OIA) and the Kuwait Investment Authority.
These MoUs represent the keenness of both countries to work together in various fields including foreign policy, international relations, political science in addition to exchanging documents, studies and experiences on topics of mutual interest.
In the areas of direct investment, the two MoUs related to establishing a framework for cooperation in the field of direct investment and facilitating the exchange of knowledge and in the field of standardisation, aim to strengthen cooperation in the fields of standardisation, quality, laboratories and conformity assessment activities, and to contribute to raising the quality of non-food industrial products and services exchanged between the two countries.
In regards to attracting foreign investment, the Oman Investment Authority (OIA) also signed a MoU with the Kuwait Investment Authority, which aims to establish a common framework for cooperation and coordination in joint investments between the two parties and to enter into discussions about future investment opportunities in the Sultanate of Oman and the State of Kuwait.
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