Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Marco Wanderwitz and Minister of Foreign Affairs of the Sultanate of Oman Sayyid Badr Al Busaidi today co-chaired the – virtual – 15th German-Omani Joint Economic Commission and exchanged views on German-Omani economic relations.

At the business forum, numerous representatives of Omani government authorities and enterprises, German companies, business associations and Ministries discussed a broad range of issues, including infrastructure, logistics, the digital transformation, and the potential of German-Omani cooperation in the field of energy. After the discussion, the co-chairs signed the Agreed Minutes, which identify potential fields of cooperation.

Parliamentary State Secretary Wanderwitz said: “Germany and the Sultanate of Oman can build on many years of friendship. Oman aims to diversify and transform its economy. Germany and German companies are working together with Oman to help the country make progress on the diversification in many areas. German firms can provide their technological expertise to bring environmental protection and climate change mitigation in line with economic interests The energy sector in particular offers many possibilities for cooperation, especially as regards the expansion of renewable energy and hydrogen. Oman has a great deal of potential for the production of hydrogen based on wind and solar energy.

German businesses are world leaders in this area, and Germany is in the medium term looking for partners from which to import green hydrogen.”
In 2019, bilateral trade between Germany and Oman totalled around €914 million, while it amounted to €413 million in the 1st half-year of 2020.