Oman and Eurasian Development Bank Sign Deal to Expand Economic Cooperation

Oman and the Eurasian Development Bank (EDB) have signed an agreement setting out the terms of the bank’s presence in the sultanate, in a step toward broader economic cooperation.

The agreement was signed during Sultan Haitham bin Tarik Al Said’s official visit to Kazakhstan, with Kazakh President Kassym-Jomart Tokayev in attendance.

The deal focuses on the conditions governing the EDB’s presence in Oman. The brief announcement did not detail those conditions or identify any projects linked to the agreement.

The signing places cooperation with the bank on the agenda of the sultan’s visit. No financial commitments or timetable for implementing the agreement were provided.