Business · Companies · 15 hrs ago
Oman and China sign investment deals worth billions
Oman and China signed 23 investment agreements and partnerships at a forum in Beijing, with deals worth billions of dollars.
They were signed during Sultan Haitham bin Tarik’s first state visit to China.
The agreements cover joint funds, renewable energy, mining, logistics, digital technology and space.
The countries already have substantial trade ties: China reported bilateral trade of $36.73 billion in 2024, including $30.93 billion in imports from Oman.
Several agreements set up or expand investment funds, including a preliminary plan for an $800 million fund with most investment intended for Oman.
Other deals include a $418.7 million, 10-year mining services contract and plans for solar projects and a solar equipment factory in Oman.
The partnerships are intended to turn economic ties into investments and projects, with plans also including warehouses and a satellite facility in Oman.
Oman and Chinese entities signed 23 agreements, memorandums and strategic investment partnerships worth billions of dollars.
The deals were announced at the Oman-China Investment Partnership Horizons Forum, held at Bank of China’s headquarters.
They cover joint investment funds, renewable energy, mining, logistics, digital transformation and space technology.
The agreements were signed during Sultan Haitham bin Tarik’s first state visit to China.
China’s Foreign Ministry put bilateral trade at $36.73 billion in 2024.
- Who
- Oman and Chinese companies and institutions, including the Oman Investment Authority.
- What
- They signed 23 agreements, memorandums and strategic investment partnerships worth billions of dollars.
- When
- During Sultan Haitham bin Tarik’s first state visit to China. The article was published on November 2, 2026.
- Where
- At the Oman-China Investment Partnership Horizons Forum, held at Bank of China’s headquarters.
- Why
- To build on economic ties and create investments and projects serving shared interests.
This story does not have two clearly opposing sides.
A China Merchants Bank partnership launched through a $300 million fund focused on Chinese technology.
Bilateral trade was $36.73 billion, including $30.93 billion in Chinese imports from Oman, according to China’s Foreign Ministry.
Oman and Chinese entities signed 23 agreements, memorandums and strategic investment partnerships at the forum.
- Agreements
- 23 agreements, memorandums and strategic investment partnerships
- Silk Road Fund
- Preliminary term sheet for an $800 million joint fund, with most investment intended for Oman
- Mining contract
- $418.7 million over 10 years for services for the Mazoon Copper and Gold Project
- Solar partnership
- $100 million partnership involving BCG and Hoi Mills
- Satellite program
- First phase includes seven satellites
- Bilateral trade
- $36.73 billion in 2024
What people are saying
The visit represents an important step for the economic partnership between the two countries and gives the authority and its companies broader opportunities to turn bilateral relations into investments and projects serving shared interests