Monday 05 / May / 2025
Muscat: His Majesty Sultan Haitham bin Tarik and President Abdelmadjid Tebboune of the People’s Democratic Republic of Algeria, commended the establishment of the "Algerian-Omani Investment Fund" as a mechanism to finance joint investments between the two nations, enhance their volume, and ensure diversification and expansion across all sectors.
This was stated in the joint communiqué issued on Monday on the occasion of the state visit of His Majesty Sultan Haitham bin Tarik to the People’s Democratic Republic of Algeria on 4-5 May 2025.
It reads as follows:
“At the invitation of President Abdelmadjid Tebboune of the People’s Democratic Republic of Algeria, His Majesty Sultan Haitham bin Tarik, Sultan of Oman, paid a state visit to Algeria on 4-5May, accompanied by a high-ranking delegation.
At the outset of the visit, President Tebboune welcomed His Majesty Sultan Haitham bin Tarik, praising this renewed meeting that reflect the fraternal relations, cooperation, and solidarity binding the Algerian and Omani peoples.
On his turn, His Majesty expressed his pleasure at visiting Algeria and extended his gratitude for the warm reception accorded to him and his accompanying delegation. He highlighted the distinguished ties between the two nations, rooted in historical, cultural, and solidarity-based bonds, as well as a shared destiny.
In an atmosphere of mutual understanding, the two leaders held in-depth and constructive discussions on bilateral relations and ways to strengthen them across various fields. They also exchanged views on regional and international issues of common interest and chaired an expanded meeting between the two delegations.
Both sides praised the progress in bilateral relations in recent years, particularly following President Tebboune’s state visit to Muscat during 28-30 October 2024, and the eighth session of the Joint Committee held in Algeria on 11-12 June 2024. They also commended the steps taken to implement the outcomes of these meetings.
The two leaders affirmed their commitment to further enhancing cooperation and partnership, leveraging the vast potential of both countries.
The two sides encouraged joint public and private sector investment projects, building on the successful partnership in fertilizer, ammonia, and urea production in the Arzew industrial zone—a $2.4 billion project. They also welcomed ongoing discussions for projects in automotive manufacturing, energy, pharmaceuticals, and other sectors, urging their swift implementation and the exploration of new areas for mutual benefit.
They lauded the establishment of the "Algerian-Omani Investment Fund" as a tool to finance joint ventures, increase their scope, and ensure diversification across all fields.
Regarding trade, the two leaders directed intensified efforts to boost trade volume, develop economic exchanges, and utilize the commercial and economic capacities of both nations.
They also highlighted the outcomes of the business forum held in Algeria on 11 June 2024, attended by entrepreneurs and companies from both countries. Additionally, they noted Oman’s selection as the guest of honor at the 56th Algiers International Fair (23-28 June 2025) and Algeria’s participation as the guest of honor at the seventh Oman AgroFood exhibition (1-3 December 2025).
The two sides welcomed the signing of memoranda of understanding and executive programs in justice, legal affairs, investment, agriculture, fisheries, pharmaceuticals, energy, mining, labour, and employment.
The leaders praised the deep historical and cultural ties between the two peoples, as well as the significant role played by the Algerian community in Oman in strengthening bilateral relations.
On regional and international matters, the two leaders exchanged views on current developments, emphasizing their commitment to coordinating their positions in line with their foreign policy principles and the interests of the Arab and Islamic nations. They stressed the importance of enhancing regional and global security and stability.
Regarding the Arab world, they underscored the need for continued coordination with Arab brothers—bilaterally and within the Arab League—to strengthen joint Arab action and address multifaceted threats and challenges.
The two leaders addressed the tragic situation in Palestine, strongly condemning Israel’s genocidal war and scorched-earth policy in Gaza, which has caused unprecedented humanitarian disasters and the destruction of vital infrastructure, including hospitals, schools, and places of worship. They called on the international community, particularly the UN Security Council, to fulfill its responsibilities by demanding an immediate ceasefire in Gaza and working toward a comprehensive and just resolution to the Palestinian issue based on relevant international resolutions and the two-state solution—ensuring the Palestinian people’s right to an independent state along the 1967 borders with Jerusalem as its capital.
The Omani side commended Algeria’s relentless efforts in defending the Palestinian cause at the UN Security Council as the Arab representative.
The Algerian side praised Oman’s constructive role in mediating between the U.S. and Iran, applauding Omani diplomacy’s approach to resolving disputes through peaceful dialogue and wisdom.
At the end of the visit, His Majesty Sultan Haitham bin Tarik expressed his gratitude for the warm hospitality extended to him and his delegation. He wished his President Tebboune good health and well-being, and Algeria further progress and prosperity.”
