Wednesday, January 12, 2022 12:01 am

MUSCAT, OMAN – NOVEMBER 18: A general view of the Muscat skyline on November 18, 2014 in Muscat, Oman. Prince Harry is on a three-day visit to Oman before heading to Abu Dhabi to participate in a charity polo match for his charity Sentebale. (Photo by Chris Jackson / Getty Images)

The UK has entered into a preliminary investment partnership agreement with Oman which provides for the Middle East country to commit to increasing future foreign direct investment in the UK.

The deal was signed yesterday in London by UK Trade Minister Gerry Grimstone and AbdulSalam Al Murshidi, chairman of Oman’s sovereign wealth fund.

The deal comes as the UK prepares to start negotiations with the six-country Gulf Cooperation Council trade bloc, which includes Oman, over a post-Brexit trade deal.

Grimstone said: “Oman has been a long-standing strategic partner in the Middle East and I am delighted that the UK is further deepening our investment relationship.

“Our two countries share a vision of a sustainable and prosperous future. This sovereign investment partnership ensures that our respective private sectors and international investors are part of this journey. “

A more advanced investment deal was signed by the UK last year with the UAE, which will see the country’s sovereign wealth fund invest more than £ 10 billion in UK industries.

It is believed that the deal with Oman could lead to a similar investment in the near future.