Business relations between Oman and European countries are characterized by a mix of cooperation, mutual interests, and potential for growth in various sectors including trade, investment, education, and renewable energy.
The European Union (EU) and Oman have taken steps towards strengthening their partnership, particularly in aviation, which allows for a gradual market opening and expansion of networks between European airlines and Omani carriers such as Oman Air and Salam Air. The EU is Oman’s 6th trading partner, engaging mainly in the exchange of machinery, chemicals, and manufactured goods. Furthermore, educational programs like Erasmus+ have facilitated academic exchanges, enhancing dialogue and cooperation in higher education between Oman and the EU.
France and Oman share a long-standing relationship grounded in military, security cooperation, and a shared commitment to conflict resolution through dialogue. French companies have a significant presence in Oman, contributing to various sectors such as energy, waste management, and logistics.
Germany’s relationship with Oman is also noteworthy, especially in trade, where there’s a focus on achieving a more balanced trade scenario. While Germany exports cars to Oman, it imports chemicals, with potential growth in the renewable energy sector, including hydrogen energy. German tourists are among the largest European visitor groups to Oman, appreciating the country’s authenticity and diverse offerings. There have been significant cultural and educational exchanges, including cooperation in higher education and science and technology.
These relationships underscore a shared interest in advancing economic cooperation, sustainable development, and cultural exchange. They also highlight potential areas for further collaboration, such as renewable energy and increasing market opportunities for non-oil exports, which could contribute to Oman’s Vision 2040 transformation agenda.
