Oman-China trade hits record high of $40.45bln

Oman-China trade hits record high of $40.45bln

Muscat – China’s Ambassador to the Sultanate of Oman, Li Lingbing, has announced that the relations between the two nations have witnessed remarkable development across various fields.

During a media briefing held by the Embassy of the People’s Republic of China in Muscat on Wednesday, Li Lingbing, Ambassador of the People’s Republic of China said, “I would like to briefly summarise the cooperation between the two countries since the establishment of diplomatic relations 45 years ago, especially in 2023. The friendly relations between China and Oman are deeply rooted in history. The stories of Zheng He and Abu Obeid are well-known in both countries. The sailing ship Sohar in front of the Oman Council Building and the Zheng He monument on the seaside in Salalah are the perfect symbol of the two countries’ friendship.”

She added, “By the end of 2022, the bilateral trade had reached an impressive US$40.45bn. Moreover, China stands as Oman’s largest trade surplus contributor and the third-largest trade and investment partner.”

Explaining the areas of cooperation during the past year, the ambassador said the Chinese company Bestong signed an agreement with the Salalah Free Zone, which will invest US$230mn in the first phase of the project, including the establishment