Oman, Bahrain relations deeply rooted in history
Published: 01:10 PM,Oct 22,2022 | EDITED : 06:10 PM,Oct 22,2022
Muscat - Bilateral relations between the Sultanate of Oman and the Kingdom of Bahrain are based on solid foundations and principles, and are deeply rooted in history.
During the talks that bring together His Majesty the Sultan and the King of Bahrain in Manama, the two brotherly countries will seek to advance the level of relations to broader horizons that serve all fields - especially in the economic field - for the benefit of their peoples.
In view of the exceptional relations between the two countries, the Omani-Bahraini Committee has coordinated and worked on a number of memoranda of understanding and executive programs in the cultural and tourism fields, and between the Civil Service Employees Pension Fund in the Sultanate of Oman and the Public Authority for Social Insurance in the Kingdom of Bahrain, in the field of civil retirement, youth, and sports.
According to the National Center for Statistics and Information (NCSI), the volume of trade exchange between the two countries has been witnessing remarkable growth,
reaching more than RO3, 20, 787,000 by the end of 2021, while in the first half of 2022 it was RO2,41, 434,000.
The most important commodities exported from the Sultanate of Oman to the Kingdom of Bahrain were electrical goods, plastic, aluminum, medicines, and other commodities, while the commodities imported from the Kingdom of Bahrain topped the iron ores, gold bullion, electric wires, and others.
The number of Bahraini companies investing in the Sultanate of Oman is 876, with a total invested capital of RO566,284,955.
Thanks to the existing cooperation in the private sector between the two countries over the past years, the Kingdom of Bahrain has become one of the most important investment partners of the Sultanate of Oman, which indicates the growth of economic and trade relations between the two countries.
The private sector in the two countries also agreed in March 2022 to establish the Omani Bahrain Investment Holding Company with a capital of RO10 million to be equally divided between Omani businessmen and their Bahraini counterparts, and it will specialize in investing in the field of food security and existing companies working in this field and in other sectors that focus on Vision 2040.
During the talks that bring together His Majesty the Sultan and the King of Bahrain in Manama, the two brotherly countries will seek to advance the level of relations to broader horizons that serve all fields - especially in the economic field - for the benefit of their peoples.
In view of the exceptional relations between the two countries, the Omani-Bahraini Committee has coordinated and worked on a number of memoranda of understanding and executive programs in the cultural and tourism fields, and between the Civil Service Employees Pension Fund in the Sultanate of Oman and the Public Authority for Social Insurance in the Kingdom of Bahrain, in the field of civil retirement, youth, and sports.
According to the National Center for Statistics and Information (NCSI), the volume of trade exchange between the two countries has been witnessing remarkable growth,
reaching more than RO3, 20, 787,000 by the end of 2021, while in the first half of 2022 it was RO2,41, 434,000.
The most important commodities exported from the Sultanate of Oman to the Kingdom of Bahrain were electrical goods, plastic, aluminum, medicines, and other commodities, while the commodities imported from the Kingdom of Bahrain topped the iron ores, gold bullion, electric wires, and others.
The number of Bahraini companies investing in the Sultanate of Oman is 876, with a total invested capital of RO566,284,955.
Thanks to the existing cooperation in the private sector between the two countries over the past years, the Kingdom of Bahrain has become one of the most important investment partners of the Sultanate of Oman, which indicates the growth of economic and trade relations between the two countries.
The private sector in the two countries also agreed in March 2022 to establish the Omani Bahrain Investment Holding Company with a capital of RO10 million to be equally divided between Omani businessmen and their Bahraini counterparts, and it will specialize in investing in the field of food security and existing companies working in this field and in other sectors that focus on Vision 2040.