Page 167 - MINISTRY OF CULTURE PR REPORT - MAY 2025 (ENGLISH)

5/27/25, 3:55 PM UAE, Oman begin new chapter in trade, economic cooperation

UAE, Oman begin new chapter in trade,

economic cooperation

Last updated: May 26, 2025 | 21:44

Sheikh Hamdan with other officials after witnessing the agreement signing ceremony in Muscat. WAM

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

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