Oman-Algeria investment fund signed multiple agreements during His Majesty Sultan Haitham bin Tarik’s recent visit to Algeria. These included four memoranda of understanding, two cooperation MoUs, and four executive programs, and the leaders approved a key agreement to boost bilateral investment.
At the heart of the deals was the creation of the Oman-Algeria Investment Fund. Oman Investment Authority and Algeria’s Ministry of Finance signed an MoU to launch this fund. The fund is valued at OMR115.4 million ($300 million) and is equally funded by both countries.
Additionally, the Oman-Algeria Investment Fund will target sectors critical for economic growth. These sectors include food security, pharmaceuticals, and mining. The fund also aims to enhance cooperation in mineral development.
Through this partnership, both nations plan to generate shared economic value. Oman-Algeria investment, the two countries agreed on wider cooperation. They signed pacts for collaboration in scientific, educational, and agricultural areas.
They also committed to working together in judicial, legal, and technical fields. This multi-sector approach highlights the depth of the new alliance and the agreements support long-term strategic goals.
Both nations are working to diversify their economies and boost private sector involvement. By focusing on key sectors, the Oman-Algeria Investment Fund is expected to create jobs and build new industries.
In addition, this collaboration enhances regional ties. Oman and Algeria are building trust and forming sustainable economic bridges. The agreements also reflect a shared vision for future development across the Arab region.
The focus on food security and pharmaceuticals addresses critical domestic needs. Meanwhile, joint mining efforts open opportunities for natural resource development. By working together, Oman and Algeria can reduce risks and share expertise.
Notably, this partnership signals a deeper economic and political bond. The Oman-Algeria Investment Fund will serve as a cornerstone for ongoing cooperation. Both sides aim to activate these deals quickly and deliver results.
Clearly, with clear goals and shared funding, the fund has a solid foundation. These deals also send a strong message to international investors. Oman and Algeria are ready to welcome strategic capital and partnerships.
