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UAE, Oman Sign $32bn Energy Deal

An industrial and energy project valued at an estimated AED 117bn ($31.8bn) topped the recent investment agreements reached between the UAE and Oman following Sultan Haitham Bin Tariq’s visit to the UAE capital last month.

 

The package encompasses renewable energy initiatives, including wind and solar projects, alongside green metals production facilities.

 

The agreement’s signatories included Abu Dhabi National Energy Company (Taqa), Abu Dhabi Future Energy Company (Masdar), Emirates Global Aluminium, Emirates Steel Arkan, OQ Alternative Energy and Oman Electricity Transmission Company.

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