Qatar and Oman signed Monday six deals panning several areas, including military cooperation, taxation, tourism, ports, labor and investment as the sultanate seeks foreign investment to boost its battered economy.
The agreements came in the framework of a two-day visit by the Omani ruler Sultan Haitham bin Tariq al-Said to the tiny gas-rich Gulf country, the royal Qatari court, Amiri Diwan, said.
The deals, the Amiri Diwan said, included an agreement on double taxation and tax evasion on income and capital taxes, and an investment cooperation agreement between sovereign wealth funds, the Qatar Investment Authority and the Oman Investment Authority.
The Oman ruler has been on the lookout for regional economic support for his country. The sultanate, has accumulated debts and recently embarked on a medium-term plan to fix its finances that were also hit by the COVID-19 pandemic, Zawya notes.
Qatar is the second overseas visit by the Omani ruler since taking office nearly two years ago after the death of his predecessor who ruled for half a century.
Sultan Haithman was in July in Saudi Arabia. The two countries then signed a memorandum establishing a coordination council between the two countries, as a mechanism for permanent consultation on all matters of common interest.
Saudi Arabia is keen to make investment in the Sultanate.