The Oman Investment Authority, the sovereign arm of the Sultanate of Oman, considers investing in Egypt following the visit of a high-ranking delegation from the Sultanate to Egypt headed by Sultan Haitham bin Tariq, on his first visit to Egypt since assuming power. The value of trade exchange between Egypt and the Sultanate of Oman increased to record $1.1bn in 2022, compared to $650.8m in 2021, an increase of 64.6%, according to statistics. The sources confirmed that the agency plans to inject $5bn investments in Egypt over the next three years, including $1bn that will be pumped this year into wind energy projects. The investments come in two categories: public market investments, including global stocks, fixed income bonds, and short-term assets, and the second category is private market investments. On Sunday, Egypt’s President Abdel Fattah Al-Sisi received the Sultan of Oman Haitham bin Tarik in a two-day official visit to Egypt.
