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Khalifa's Oman visit stems from good bilateral ties

posted on 09/01/2005: 732 views



The visit by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan to Oman today comes in the framework of the "one family" relationship that binds the two countries, and which stem from a deep-rooted joint history, and good neighbourly ties.



The visit is also part of the brotherly consultations between Sheikh Khalifa and His Majesty Sultan Qaboos Bin Saeed of Oman, in the interests of people of both countries.



It is also part of the deliberations between them on ways to reinforce joint action in the GCC and exchange views on different regional and international issues of mutual interest. Relations between the two countries are seen as an example to follow as there is continuous progress and development at all levels.



At the political level, the two countries reached a historic settlement in respect of their shared border.



1999: The late Sheikh Zayed Bin Sultan Al Nahyan and Sultan Qaboos signed an agreement in Suhar city, Oman, setting the border from Umm Al Zumool to east of Al Iqaidat.



May 1999: The interior ministers of both countries signed annexes of the agreement that delegate authority and define areas not covered by the agreement.



June 2002: Sheikh Zayed and Sultan Qaboos signed the final border agreement.



January 2003: Sheikh Zayed issued a federal decree ratifying the agreement, which applied to the borders extending from east of Al Iqaidat to Al Dara. At the same time, Sultan Qaboos issued a royal decree ratifying the same.



The agreement defines the main border marks on the basis of which borders are drawn, in addition to the coordinates and the final maps. The agreement states that a joint committee should be set up to supervise the implementation of the pact.



October 2003: Sheikh Hamdan Bin Zayed Al Nahyan, Minister of State of Foreign Affairs, and Yousuf Bin Alawi Bin Abdullah, the Omani Minister Responsible for Foreign Affairs, exchanged the final ratified documents.



Following the creation of the joint committee in May 1991, measures were taken to build partnership and integration between the two countries.



The committee has held its 13th round in Muscat, where the UAE delegation was chaired by Sheikh Hamdan and the Omani by Ali Bin Humoud Al Bu Saeedi, the Royal Court Minister. The two sides arrived at a number of agreements, prominent among them were the data link over the Internet between securities markets in Abu Dhabi and Muscat. They also agreed to pursue an exchange agreement about listing on the two markets. The committee lauded measures taken to set up a joint power grid due to enter operation in mid-2005.



The joint committee also met in March, 2003, where it expressed satisfaction over profits made in 2002 by the Oman-UAE company of 2.1 million Omani riyals (Dh20 million.)



During the meeting a Dh238.5 million-loan agreement from the Abu Dhabi Fund for Development was approved to finance a vital road in Oman.



In April, 28, 1998, the committee held meetings both in Abu Dhabi and Muscat to further economic ties.



In May 1993, the Oman and Emirate company for investment was set up by the two parties. Profits of the company in March 2003 stood at 3.7 million riyals (Dh35 million.)



In March, 29, 2004, Oman was accepted as a partner in the UAE Dolphin project.



In June, 2004, the Abu Dhabi Ship Building company won a contract for building 12 boats for the Royal Navy of Oman, and Frontier Guards.



An economic report issued in August 2003 said the value of the UAE non-oil trade with Oman for the three months of the year was 16.9 million riyals (Dh161 million) and 49.3 million riyals (Dh469 million) for re-exporting trade. (The Emirates News Agency, WAM)

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