The Sultanate of Oman and Iran signed two memoranda of understanding (MoUs) and two cooperation agreements in Saadabad Palace, Tehran, in a bid to enhance development and investments between the two countries.
The two memoranda of understanding deal with promoting investments, exchanging investment opportunities, boosting development and investments in economic zones and free zones. Meanwhile, the two agreements deal with exchanging oil information and the joint study on the Hengam-Bakha field project.