China has become instrumental in transforming Oman’s infrastructure through its multibillion-dollar flagship Belt and Road Initiative (BRI). In 2013, Chinese President Xi Jinping announced the launch of both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, currently known as the Road and Belt Initiative.
The BRI aims to focus on infrastructure development and investment initiatives which will stretch from East Asia to Europe. Oman has joined over 60 countries across the globe, to benefit from China’s progressive initiative.
China has set aside $540 million to Oman for investment in different infrastructure projects as part of its Belt and Road Initiative. China signed a Memorandum of Understanding with Oman in 2018, as part of the BRI. Oman has become the most important partner of China with regard to the co-operation in BRI. However, before the BRI, Oman already shared a prosperous relationship with China.
Oman was one of the most important partners to China in the entire Gulf region. China-Oman (Duqm) Industrial Park, a project under the BRI has evidenced the critical role played by the two nations in boosting their cooperation.