The strategic partnership between Oman and China is poised for significant expansion, as evidenced by the recent tenth session meeting of the Omani-Chinese Joint Committee held in Beijing. Discussions centered on bolstering economic ties, increasing Omani-Chinese trade, and deepening integration into global supply chains. This collaborative effort signals a commitment to mutual growth and diversification, setting the stage for increased investment and cooperation across multiple sectors.
Strengthening the Omani-Chinese Economic Partnership
The meeting, co-chaired by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry (Oman), and Zhang Li, Assistant Minister of Commerce (China), focused on practical steps to elevate the bilateral relationship. A key outcome was the agreement to establish a joint Omani-Chinese working team dedicated to creating an executive roadmap for the committee’s future work. This proactive approach demonstrates a shared desire to move beyond discussions and into concrete action.
Focus on Investment and Diversification
A significant portion of the discussions revolved around encouraging increased Chinese industrial investment within the Sultanate of Oman. This aligns with Oman’s broader economic diversification efforts, aiming to reduce reliance on oil and gas and foster growth in other sectors. The potential for collaboration in value-added industries was highlighted, with both sides recognizing the benefits of a more diversified economic landscape. Furthermore, the committee agreed to pursue the signing of several memoranda of understanding (MoUs) designed to link industrial production chains and enhance overall investment cooperation.
Advancing Trade Agreements and Regional Integration
The Joint Committee also addressed the ongoing negotiations for a Free Trade Agreement (FTA) between the People’s Republic of China and the Gulf Cooperation Council (GCC) member states. Successful completion of this FTA is expected to significantly boost trade relations, streamline trade exchange, and further integrate regional markets. This would create a more favorable environment for businesses in both Oman and China, fostering increased economic activity and mutual benefit.
A Renewable Energy Hub
A particularly ambitious proposal discussed during the meeting was the establishment of an integrated industrial complex dedicated to renewable energy industry supply chains. This project represents a qualitative leap in the economic partnership, showcasing the potential for collaboration in cutting-edge, sustainable sectors. It also positions Oman as a key player in the growing global renewable energy market.
Exploring New Avenues for Cooperation: E-commerce and Smart Logistics
Beyond traditional trade and investment, the meeting explored opportunities in emerging fields like cross-border e-commerce. Dr. Masan’s separate meeting with Assistant Minister Zhang Li focused on establishing smart warehouses and distribution centers within Oman’s special economic zones and free zones – specifically in Duqm, Sohar, and Salalah. This initiative aims to solidify Oman’s position as a crucial digital gateway for Chinese goods accessing markets throughout the region, enhancing bilateral commerce and logistics capabilities.
Investment Opportunities and Value-Added Chains
Discussions also centered on identifying and capitalizing on investment and manufacturing opportunities within Oman, particularly in sectors with strong regional and global demand. Leveraging existing free trade agreements and developing robust value-added chains were identified as key strategies for maximizing the benefits of this partnership. The commitment to forming a joint working team focused on trade, investment, and digital commerce underscores the seriousness of this endeavor.
On-the-Ground Insights and Future Prospects
Dr. Saleh Said Masan’s visit to the Xiongan International Business Center in Xiong’an New Area, Hebei Province, provided valuable insights into best practices in managing integrated commercial cities and smart economic zones. His visit to Sinochem, the world’s largest chemical conglomerate, facilitated discussions on potential cooperation and industrial investment opportunities, further highlighting Oman’s investment aspirations in priority sectors.
Current data paints a positive picture of the Omani-Chinese trade relationship. By the end of the second quarter of 2025, direct Chinese investment in Oman reached approximately RO 854 million. Statistical data from the end of 2024 reveals a significant increase in trade exchange, with Omani imports from China exceeding RO 1.8 billion (approximately 11% of Oman’s total imports). Omani non-oil exports to China surpassed RO 216 million, demonstrating a growing balance in trade.
The tenth session of the Omani-Chinese Joint Committee marks a pivotal moment in the deepening relationship between the two nations. With a clear roadmap for future cooperation, a focus on diversification and innovation, and a commitment to leveraging emerging opportunities, the partnership is well-positioned for continued growth and mutual prosperity. Businesses interested in exploring opportunities within this dynamic partnership are encouraged to investigate the resources available through the Omani Ministry of Commerce, Industry and Investment Promotion and the Chinese Ministry of Commerce.
