UK and Oman announce investment and security cooperation

The UK government has announced a package of new UK-Oman cooperation measures during Sultan Haitham bin Tarik’s state visit, including a planned investment agreement, expanded export finance capacity, and new sectoral cooperation.

• A new agreement is expected to accelerate two-way investment between the UK and Oman, building on the UK-Oman Sovereign Investment Partnership and covering renewable energy, technology, critical minerals, space, healthcare and financial services.
• UK Export Finance will raise its financing capacity to up to £7 billion for UK exports to Oman, while UK-founded Yamna is set to sign an agreement to build a large-scale AI data center in Salalah; the first phase is expected to exceed £1bn and create over 100 highly skilled jobs across the UK.
• The visit also includes expected agreements on maritime cooperation with the Omani Maritime Security Center, AI in education, space policy and research, and the return of the Chevening Educational Scholarship Programme to Oman from August 2027.