UAE and Oman have plenty in the pipeline: Emirati and Omani companies inked agreements valued at a collective AED 129 bn (USD 35 bn) to jointly implement projects including a AED 117 bn energy megaproject, according to a statement. The investments were announced following Oman’s Sultan Haitham bin Tariq’s two-day visit, during which he met with President Sheikh Mohamed bin Zayed Al Nahyan at Qasr Al Watan in Abu Dhabi to discuss strengthening bilateral relations and recent regional developments. The breakdown of the agreements:

What we know about the project: The visit saw a number of manufacturers and utility and energy firms, including Taqa, Masdar, Emirates Global Aluminium (EGA), Emirates Steel Arkan (ESA), OQ Alternative Energy and Oman Electrical Transmission Co, earmark AED 117 bn for an “industrial and energy megaproject,” according to the ministry’s statement. The megaproject will include developments in the sectors of renewables and green metals production. None of the companies involved disclosed further details.

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