Oman trade agreements are gaining momentum across the MENA region. The Sultanate recently signed an MoU with Saudi firms to boost bilateral trade. The deal focuses on industrial cooperation, including construction, packaging, and medical distribution. Oman’s Ministry of Commerce, Industry, and Investment Promotion and the Saudi Export Development Authority oversaw the discussions.
Trade figures show strong growth. Oman’s industrial exports to Saudi Arabia rose 35.7% year-on-year, reaching OMR 538 million in the first half of 2025. Total trade between the two countries hit OMR 2.18 billion in 2024. The new agreements aim to expand these numbers further while fostering stronger industrial collaboration.
Meanwhile, Oman trade agreements also extend to logistics. Qatar Navigation (Milaha) launched services to Libya’s Misurata FreeZone Port using its Al Bid’ah vessel. This step is part of Milaha’s plan to grow operations across North Africa. The expansion enhances Oman’s regional maritime presence and strengthens trade connectivity.
In another development, Syria is digitalizing services for traders and investors. The Damascus Chamber of Commerce launched a platform targeting both local and non-resident investors. This system will streamline administrative procedures and reduce paperwork. The pilot phase will soon begin, covering all chambers across Syria.
Additionally, Oman trade agreements influence energy markets. Pakistan is reportedly seeking to delay Qatari LNG deliveries for the next five years due to weaker demand. Officials in Qatar are discussing deferring up to 177 shipments, valued at approximately USD 5.6 billion, until after 2031. Pakistan currently imports nine LNG cargos per month from Qatar and one from Eni, an Italian energy firm. Qatar previously approved deferring five LNG cargos without penalty, starting in 2026.
These developments demonstrate Oman’s strategic push to strengthen trade, logistics, and energy collaborations. Through its agreements, Oman is positioning itself as a key regional partner, driving growth across multiple sectors.
