UAE joins Oman in celebrating 54th National Day

The UAE is joining the Sultanate of Oman successful celebrating its 54th National Day today, marked annually connected 18th November. The juncture highlights the beardown and enduring narration betwixt the 2 nations, rooted successful heavy brotherly ties and broad strategical partnership.

Relations betwixt the UAE and Oman proceed to grow, strengthened by the enactment and guidance of the enactment of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty Sultan Haitham bin Tariq Al Said of Oman.

Each year, the UAE marks Oman's National Day with a bid of events, including lighting up landmarks with the Omani flag, welcoming Omani visitors with flowers and gifts astatine borderline crossings and airports, and hosting celebrations successful buying malls and amusement venues.

Under Sultan Haitham bin Tariq's leadership, Oman has embarked connected a caller improvement phase, focusing connected modernisation, economical diversification, and sustainable growth, peculiarly done the "Oman Vision 2040".

This ambitious program aims to diversify and fortify the nationalist economy, execute sustainable economical maturation astatine a complaint of 5% annually, and rise the GDP per capita by up to 90%. It besides seeks to found a high-quality acquisition system, make a nationalist model for research, innovation, and knowledge-based industries, and physique an charismatic situation for Oman's labour market.

Regarding economical relations, the UAE and Oman besides stock beardown economical ties. The non-oil commercialized betwixt the 2 countries reached AED51 cardinal past year, compared to AED48.7 cardinal successful 2022, reflecting a maturation complaint of 5%.

The UAE is Oman's largest trading partner, some arsenic the biggest exporter to Oman and the largest importer of it. The UAE accounts for implicit 40% of Oman's full imports and astir 20% of Oman's exports to planetary markets.

In April, during Sultan Haitham's sojourn to the UAE, some countries signed agreements and MoUs worthy AED129 billion, focusing connected sectors specified arsenic renewable vigor projects, greenish minerals, railway connections, and investments successful integer infrastructure and technology, facilitated by partnerships betwixt the UAE Ministry of Investment and Oman's Ministry of Commerce, Industry and Investment Promotion.

Culturally, the UAE and Oman stock a affluent creation and lit history, with heavy connections successful arts, traditions, and household bonds, further solidifying their beardown ties.

Follow Emirates 24|7 connected Google News.