Oman, Belarus discuss ways to enhance investment cooperation

02/04/2026 06:03 AST

Oman-Belarus Joint Committee for Cooperation and Investment, established in May 2025, held its first meeting in Muscat on Wednesday. The meeting discussed ways to enhance economic and investment cooperation between the Sultanate of Oman and the Republic of Belarus.

The Omani side was headed by Abdulsalam bin Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), and Maxim Ryzhenkov, Minister of Foreign Affairs of the Republic of Belarus.

The meeting reflected the two-countries' keenness to enhance bilateral cooperation and open up vista for partnership in various fields, notably in the sectors of industry, agriculture, health and tourism. It also explored means of developing commercial exchange, facilitating the flow of investments and supporting economic diversification.

Al Murshidi said in a statement that the first meeting embodies the approach of economic diplomacy espoused by the two countries' wise leaderships. He pointed out that the committee constitutes an institutional platform for developing partnerships and building long-term relations based on mutual interests.

He added that Oman lays emphasis on boosting international partnerships and attracting quality investments. He noted that that cooperation with the Republic of Belarus will open up prospects for achieving economic diversification.

For his part, Maxim Ryzhenkov said that the two countries possess promising potential for enhancing cooperation, given Belarus's industrial capabilities and Oman's attractive investment environment and advanced infrastructure.

He pointed out that bilateral relations will get further impetus from the facilitation of traffic and direct flights, the streamlining of visa procedures and the completion of diplomatic representation.

Oman-Belarus Joint Committee for Cooperation and Investment was established as a strategic step forward to enhance cooperation in the fields of economy, trade, education, culture and energy, with special focus on developing joint investment projects and exchanging expertise

Times of Oman