Latest news with #Emirati-Omani
Hi Dubai
27-05-2025
- Business
- Hi Dubai
UAE and Oman Sign Agreement to Develop Al Rawdah Special Economic Zone
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, witnessed the signing of a landmark agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone in Oman's Al Buraimi Governorate. The deal was signed in Muscat during a high-level UAE delegation visit led by Sheikh Hamdan, reflecting the deepening economic cooperation between the UAE and Oman. The agreement was signed by Eng. Ahmed bin Hassan Al Dheeb, Deputy Chairman of Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, on behalf of Mahadha Development Company, an Emirati-Omani joint venture. DP World is the majority partner in the project. Mahadha Development Company will develop infrastructure, master planning, and facilities for the zone, which will initially cover 14 square kilometers with plans to expand to 25 square kilometers. The zone's strategic location connects it directly to key ports in Oman and the UAE, including Sohar and Jebel Ali, enhancing logistics and market access across Gulf, Asian, and African trade routes. The zone aims to foster diversified economic activities such as manufacturing, logistics, pharmaceuticals, and food processing, while supporting Oman Vision 2040 and Dubai's Economic Agenda D33. It is expected to attract foreign direct investment, boost industrial output, and create thousands of jobs over time. This initiative follows record non-oil trade between the UAE and Oman in 2024, reaching AED 56 billion, signaling a growing partnership. DP World's four decades of expertise in free zone development positions the Al Rawdah project as a key driver for regional trade and economic growth. News Source: Emirates News Agency
Dubai Eye
27-05-2025
- Business
- Dubai Eye
H.H. Sheikh Hamdan meets Sultan of Oman
Sultan Haitham bin Tariq Al Said, Sultan of Oman, received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, at Al-Baraka Palace in Muscat on Monday. The meeting took place during Sheikh Hamdan's official visit to Oman, where he is leading a high-level delegation. Sultan Haitham warmly welcomed the UAE delegation, reaffirming the deep-rooted fraternal bonds between the two nations and their shared commitment to enhancing bilateral cooperation. Sheikh Hamdan conveyed the greetings of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, along with their best wishes for Oman's continued growth and prosperity. Discussions during the meeting focused on advancing collaboration across key sectors, including the economy, trade, tourism, culture and knowledge exchange, as both nations work to support comprehensive and sustainable development. Sheikh Hamdan described the visit as highly rewarding, highlighting the enduring strength of Emirati-Omani ties. He noted the importance of ongoing coordination and the exchange of successful development models to support a shared vision for the future, enhance strategic priorities and foster deeper Gulf cooperation. His Highness also expressed heartfelt gratitude for the generous hospitality extended by the Sultan and the Omani people, and wished the Sultanate continued progress and prosperity. Earlier in the day, Sheikh Hamdan was welcomed upon arrival in Muscat by Sayyid Theyazin bin Haitham Al Said, Oman's Minister of Culture, Sports and Youth. During my meeting with His Majesty Sultan Haitham bin Tariq of Oman, I conveyed the greetings of the UAE President and His Highness Sheikh Mohammed bin Rashid Al Maktoum to His Majesty and the people of Oman. Under the guidance of the leadership in both nations, we look forward… — Hamdan bin Mohammed (@HamdanMohammed) May 26, 2025
Sharjah 24
26-05-2025
- Business
- Sharjah 24
Hamdan bin Mohammed witnesses Al Rawdah Zone agreement signing
High-level attendance at signing ceremony The signing of the agreement, which took place in Muscat, was attended by His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth of Oman. The agreement is part of the flourishing economic cooperation between the two nations. Signatories of the agreement The agreement was signed by Eng. Ahmed bin Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, representing Mahadha Development Company, which will develop the new zone. Mahadha Development Company is an Emirati-Omani joint venture in which DP World is the majority partner. Comments from DP World Chairman and CEO Commenting on the occasion, Sultan Ahmed bin Sulayem said: 'The Al Rawdah Special Economic Zone represents a new chapter in the growing economic relationship between the UAE and the Sultanate of Oman. Through close collaboration with OPAZ and our Omani partners, this new zone will strengthen our deep trade ties while reflecting our shared ambition for sustainable and diversified economic growth.' He added: 'At DP World, we are committed to developing a world-class platform that will create new opportunities for growth, strengthen connectivity and bring long-term economic value to both Oman and the UAE.' Speech by deputy chairman of OPAZ In his speech, Eng. Ahmed bin Hassan Al Dheeb highlighted: "The Al Rawdah Special Economic Zone has been designed to support key development goals, including creating jobs, attracting advanced knowledge and modern technologies, and fostering a business-friendly environment that aligns with the sustainable development objectives of Oman Vision 2040.' He added: 'The zone's strategic location in the Buraimi Governorate - at the crossroads between Oman and the UAE - provides seamless connectivity to both Sohar Port and Jebel Ali Port. This positioning is expected to enhance logistics efficiency, lower costs, and improve market access across Gulf, Asian, and African trade routes.' Project details and expansion plans Phase 1 of the project will cover 14 square kilometres, with expansion plans to reach 25 square kilometres in Phase 2. The zone will benefit from direct connectivity to both Jebel Ali Port in Dubai and Omani ports, enhancing cross-border logistics. Responsibilities of Mahadha Development Company Under the agreement, Mahadha Development Company will be responsible for developing the infrastructure and facilities, preparing the masterplan and environmental studies, and designing the initial layout. The first phase will target a range of economic activities, including manufacturing, logistics, warehousing, pharmaceuticals, medical supplies, plastics, mining, food processing, and security and safety services - all provided through an integrated one-stop-shop service model. Strategic importance of Al Rawdah Project The Al Rawdah project is a strategic initiative that will leverage its geographic location to strengthen supply chains, re-export activity, and logistics connectivity between Oman, the UAE, and international markets. The zone will serve as a key engine of economic diversification aligned with the Dubai Economic Agenda D33 and Oman Vision 2040. It aims to attract foreign direct investment (FDI), increase industrial output, and create thousands of jobs as the zone scales over the coming decades. Growth in UAE-Oman trade In 2024, non-oil trade between the UAE and Oman reached a record AED56 billion - a 9.8% increase from the previous year - highlighting the deepening economic partnership. The Al Rawdah Zone is expected to accelerate this trend by establishing a modern and advanced ecosystem for trade and manufacturing. DP World's expertise in economic zones DP World brings four decades of expertise in developing and operating economic zones, including the Jebel Ali Free Zone (Jafza), the first free zone in the Middle East and one of the most successful globally. This experience along with its portfolio of 11 economic zones worldwide positions DP World to deliver a future-ready, integrated platform in Oman, supported by OPAZ's national development strategy. Distinguished attendees at the signing ceremony The signing was attended by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; and Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority. Also present at the signing were Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid Al Qassimi, Minister of Culture; His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Application; Maryam bint Ahmed Al Hammadi, Minister of State; Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers; Abdulla Al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul Al Falasi, President of Dubai's State Security Department; and Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism.
Gulf Today
26-05-2025
- Business
- Gulf Today
UAE, Oman begin new chapter in trade, economic cooperation
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, on Monday witnessed the signing of an agreement to develop and operate the first phase of the Al Rawdah Special Economic Zone, located in the Wilayat of Mahadha, Al Buraimi Governorate, in the Sultanate of Oman. The signing took place during the visit of a high-level UAE delegation to Oman led by Sheikh Hamdan bin Mohammed. The signing of the agreement, which took place in Muscat, was attended by His Highness Sayyid Theyazin Bin Haitham Al Said, Minister of Culture, Sports and Youth of Oman. The agreement is part of the flourishing economic cooperation between the two nations. The agreement was signed by Engineer Ahmed Bin Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, representing Mahadha Development Company, which will develop the new zone. Mahadha Development Company is an Emirati-Omani joint venture in which DP World is the majority partner. Commenting on the occasion, Sultan Ahmed Bin Sulayem said: 'The Al Rawdah Special Economic Zone represents a new chapter in the growing economic relationship between the UAE and the Sultanate of Oman. Through close collaboration with OPAZ and our Omani partners, this new zone will strengthen our deep trade ties while reflecting our shared ambition for sustainable and diversified economic growth.' He added: 'At DP World, we are committed to developing a world-class platform that will create new opportunities for growth, strengthen connectivity and bring long-term economic value to both Oman and the UAE.' In his speech, Engineer Ahmed Bin Hassan Al Dheeb highlighted: 'The Al Rawdah Special Economic Zone has been designed to support key development goals, including creating jobs, attracting advanced knowledge and modern technologies, and fostering a business-friendly environment that aligns with the sustainable development objectives of Oman Vision 2040.' He added: 'The zone's strategic location in the Buraimi Governorate - at the crossroads between Oman and the UAE - provides seamless connectivity to both Sohar Port and Jebel Ali Port. This positioning is expected to enhance logistics efficiency, lower costs, and improve market access across Gulf, Asian, and African trade routes.' Phase 1 of the project will cover 14 square kilometres, with expansion plans to reach 25 square kilometres in Phase 2. The zone will benefit from direct connectivity to both Jebel Ali Port in Dubai and Omani ports, enhancing cross-border logistics. Under the agreement, Mahadha Development Company will be responsible for developing the infrastructure and facilities, preparing the masterplan and environmental studies, and designing the initial layout. The first phase will target a range of economic activities, including manufacturing, logistics, warehousing, pharmaceuticals, medical supplies, plastics, mining, food processing, and security and safety services - all provided through an integrated one-stop-shop service model. The Al Rawdah project is a strategic initiative that will leverage its geographic location to strengthen supply chains, re-export activity, and logistics connectivity between Oman, the UAE, and international markets. The zone will serve as a key engine of economic diversification aligned with the Dubai Economic Agenda D33 and Oman Vision 2040. It aims to attract foreign direct investment (FDI), increase industrial output, and create thousands of jobs as the zone scales over the coming decades. In 2024, non-oil trade between the UAE and Oman reached a record Dhs56 billion - a 9.8% increase from the previous year - highlighting the deepening economic partnership. The Al Rawdah Zone is expected to accelerate this trend by establishing a modern and advanced ecosystem for trade and manufacturing. DP World brings four decades of expertise in developing and operating economic zones, including the Jebel Ali Free Zone (Jafza), the first free zone in the Middle East and one of the most successful globally. This experience along with its portfolio of 11 economic zones worldwide positions DP World to deliver a future-ready, integrated platform in Oman, supported by OPAZ's national development strategy. The signing was attended by Sheikh Ahmed bin Mohammed Bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; and. Sheikha Latifa Bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority. Also present at the signing were Mohammad Bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid Al Qassimi, Minister of Culture; Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Omar Bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Application. WAM
Al Etihad
26-05-2025
- Business
- Al Etihad
Sultan Haitham bin Tariq receives Hamdan bin Mohammed in Muscat
26 May 2025 18:20 MUSCAT (WAM)His Majesty Sultan Haitham bin Tariq Al Said, Sultan of Oman, on Monday received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, at Al-Baraka Palace in Muscat.H.H. Sheikh Hamdan bin Mohammed is currently on an official visit to Oman leading a high-level Majesty Sultan Haitham bin Tariq Al Said welcomed H.H. Sheikh Hamdan bin Mohammed and his accompanying delegation, expressing his deep appreciation for the strong fraternal bonds that unite the two nations and their peoples. During the meeting H.H. Sheikh Hamdan bin Mohammed conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to His Majesty Sultan Haitham bin Tariq, along with their best wishes for the Oman's sustained growth and progress. The meeting underscored the growing momentum in bilateral relations, which are rooted in deep historical and fraternal ties. Discussions also focused on further strengthening cooperation across key sectors, particularly in the economic, commercial, tourism, cultural, and knowledge domains to support comprehensive development in both countries.H.H. Sheikh Hamdan bin Mohammed said the visit had been very fulfilling on various counts and emphasised that it serves to highlight the depth and strength of Emirati-Omani relations.H.H. also emphasised the shared commitment to deeper coordination and the mutual exchange of successful development experiences, noting their role in advancing a common vision for the future, reinforcing strategic priorities, and expanding Gulf cooperation to spearhead sustainable development.H.H. also expressed his sincere appreciation for the warm welcome and gracious hospitality accorded to him and his accompanying delegation, wishing the Sultanate, its leadership, and its people continued progress, prosperity, and meeting was attended by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; and H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts present at the meeting were Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid Al Qassimi, Minister of Culture; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Application; Maryam bint Ahmed Al Hammadi, Minister of State; Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers; Abdulla Al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul Al Falasi, President of Dubai's State Security Department;Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, Chairman and CEO of DP World, and Chairman of the Dubai International Chamber of Commerce. Earlier in the day, H.H. Sheikh Hamdan bin Mohammed arrived in the Omani capital, Muscat, where he was welcomed at the Royal Airport by His Highness Sayyid Theyazin bin Haitham Tariq Al Said, Oman's Minister of Culture, Sports, and Youth.
