Oman’s Sultan Haitham Al Said visited Algiers on an official state visit between 4-5 May, leading a delegation including deputy prime minister for defence affairs Shihab Al Said and foreign minister Badr al-Busaidi. The visit comes less than six months after Algeria’s President Abdelmadjid Tebboune visited Muscat over 28-30 October.
As part of the visit, Oman’s sovereign wealth fund Oman Investment Authority (OIA) and Algeria’s finance ministry signed a preliminary agreement to establish a joint investment fund worth more than OMR 115mn ($299mn). According to OIA, the fund will target investments in mining, pharmaceuticals, and food security. (CONTINUED – 783 WORDS)
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