CAIRO, 30 June 2022, (TON): Egyptian President Abdel Fattah El-Sisi and Sultan of Oman Haitham bin Tariq have agreed on a study to establish a joint investment fund between their two countries, focused on feasible projects in various vital sectors.

In a joint statement released, the two leaders confirmed, during the official visit of the Egyptian president to Oman, that all relevant authorities would discuss investment opportunities in fields including energy and renewables, industry, healthcare and pharmaceuticals.

During El-Sisi’s visit, Egypt and Oman signed two agreements, six memoranda of understanding, three executive programs and letters of cooperation in promoting competition, combating monopolies, promoting investment, developing exports, establishing and managing industrial zones, and protecting the environment.

The governments of the two countries also signed a cooperation agreement in maritime transport and ports, and a cooperation agreement between Sultan Qaboos University and the Egyptian National Institute for Astronomical and Geophysical Research.