UK raises export-finance capacity for Oman by 1.6 billion pounds
UK Export Finance has raised its Oman country limit by 1.6 billion pounds, providing up to 7 billion pounds of capacity to support British exports. The increase forms part of the economic partnership announced after Sultan Haitham bin Tarik’s state visit. It accompanies closer cooperation on green projects and links between the countries’ investment bodies and industrial clusters.
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The Oman country limit rises by 1.6 billion pounds
The United Kingdom and Oman announced an expansion of export-finance support within their economic partnership after Sultan Haitham bin Tarik’s state visit. UK Export Finance, Britain’s export-credit agency, increased its country limit for Oman. The two governments’ joint statement followed the sultan’s October 20–22 visit and his October 21 meeting with Prime Minister Andy Burnham at Downing Street.[1], [2]
According to the joint statement, the limit rose by 1.6 billion pounds, providing up to 7 billion pounds of capacity to support British exports to Oman. The governments said the expanded capacity would support priority projects and connect Omani opportunities with British goods, services and expertise. The announced amount concerns the capacity available for export support.[1]
Green projects gain new cooperation channels
UK Export Finance and the Oman Net Zero Centre, the Omani body working on decarbonisation, announced stronger cooperation to support green and decarbonisation projects. Britain also welcomed a proposed Oman Green Growth Roadshow delegation in 2027 to advance these partnerships. Net Zero Industry Wales, a Welsh industrial decarbonisation initiative, and the Omani centre are to launch a partnership for sharing knowledge. It will link industrial clusters, renewable-energy sectors, universities and public bodies. The governments presented green growth as a shared national priority within the expanded economic partnership.[1]
Investment bodies will connect future-industry projects
The Sovereign Partnership for Cooperation and Promotion of Investment is intended to strengthen ties between Britain’s Office for Investment and the Oman Investment Authority. The governments listed green growth, advanced technologies, critical minerals, space, innovation, finance for growing businesses, industrial clusters and regional connectivity as its areas of work. They envisage using Omani industrial zones and innovation clusters as platforms for British expertise, supporting Oman’s economic diversification.[1]
The programme agreed by Burnham and the sultan also includes technical exchanges and business delegations on artificial intelligence, data centres, critical minerals and space. They welcomed cooperation between the UK Space Agency and Oman’s National Space Programme on future launch work and commercial partnerships. Their joint statement described the UK–Gulf Cooperation Council Free Trade Agreement as offering further trade and investment opportunities once signed and implemented.[1]
