MUSCAT – The session also addressed updates on ongoing investment projects between the two countries.
The Omani delegation was led by His Excellency Sultan bin Salem Al Habsi, Minister of Finance, while the Qatari delegation was headed by His Excellency Ali bin Ahmed Al Kuwari, Minister of Finance of the State of Qatar.
In his speech, His Excellency Sultan bin Salem Al Habsi highlighted the Joint Committee as a distinguished model of bilateral cooperation, emphasizing the need to strengthen joint efforts to achieve prosperity and sustainable economic and social development for the two brotherly nations. He praised the progress of several joint investment projects and called for continued alignment of Omani-Qatari financial and economic visions in line with the guidance of the two leaderships.
His Excellency Ali bin Ahmed Al Kuwari underscored the importance of the Joint Committee meetings as a platform for advancing economic and investment cooperation, developing practical partnerships, supporting Gulf integration, and creating broader opportunities for sustainable development across multiple sectors.
On the sidelines of the session, a framework memorandum of cooperation was signed between the Ministry of Finance of Oman and Qatar Development Bank. The agreement aims to strengthen strategic cooperation, provide credit facilities to support joint projects, stimulate bilateral finance and trade initiatives, and promote economic integration and investment opportunities in both the public and private sectors. It also seeks to contribute to the diversification of the Omani and Qatari economies. The memorandum was signed by His Excellency Sultan bin Salem Al Habsi and His Excellency Ali bin Ahmed Al Kuwari, who also serves as Chairman of Qatar Development Bank.
Additionally, a memorandum of understanding was signed between the Ministry of Commerce, Industry and Investment Promotion of Oman and Qatar Development Bank to enhance trade exchange and export development. The agreement focuses on supporting exporters, proposing policies and promotional plans to diversify trade, developing trade databases, and building strategic alliances to strengthen bilateral commerce. It was signed by Her Excellency Ibtisam bint Ahmed Al-Farouji, Undersecretary for Investment Promotion, and Abdulrahman bin Hisham Al-Suwaidi, CEO of Qatar Development Bank.
Established in 1995, the Omani-Qatari Joint Committee serves as a platform to promote continuous communication, explore cooperation opportunities, and implement investment projects that serve the mutual interests of the two countries.