Bilateral trade quadrupled during the first months of 2026, while Russian exports to Oman increased tenfold.

The project is the first initiative under the investment cooperation framework between Oman and Botswana.

The agreements cover mineral exploration, the development of petroleum product storage facilities and a solar power plant.

The meeting discussed industrial cooperation, attracting investments and the establishment of joint industrial projects.

Renewable energy projects support the transition towards a sustainable economy, in line with the objectives of Oman Vision 2040.

The Forum saw the two foreign ministries announcing they will continue strengthening economic and investment cooperation.

More than 320 Omani graduates will receive intensive specialised industrial training to build national capabilities in renewable energy.

The project aims to localise the wind turbine industry in Oman, in line with the targets of Oman Vision 2040.

The project in the Sohar Free Zone is the largest polysilicon production facility in the Middle East.

The aim is to diversify energy sources and reduce carbon emissions, keeping pace with shifts in the energy sector.

The Committee discussed an integrated industrial complex for the supply chains of renewable energy industries.

The meeting reviewed opportunities for cooperation in key sectors, particularly energy, renewable energy, trade and logistics.

The summit highlights the sector’s development and Oman’s transition from planning to implementation.

The agreement affirms Oman’s commitment to advancing its transition towards a low-carbon economy.

Rais Anikó, Minister of State for Environmental Policy and the Circular Economy at the Hungarian Ministry of Energy, received Ambassador Malallah Albalushi, head of Oman’s mission to Hungary. The meeting reviewed topics of mutual interest.