Oman and Brunei signed a memorandum of understanding (MoU) setting up a joint investment fund with a capital of $100 million to be shared equally by the two countries.
The MoU, inked on Thursday at Al Alam Palace, was signed on behalf of Oman's government by Ahmad Bin Abdul Nabi Macki, Minister of National Economy and Deputy Chairman of Financial Affairs and Energy Resources Council and for Brunei's government by Behen Major General (retired) Dato Awang Haj Mohammad Bin Haj Dawood, Minister of Energy.
In a statement, Macki said the fund will be headquartered in Oman and will target available investment opportunities in the two countries in various fields including trade, industry and tourism.
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