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China-Oman economic cooperation in full swing amid closer China-Arab ties
MUSCAT, Sept. 22, 2018 (BSS/Xinhua) – The economic cooperation between
China and Oman is in full swing at a time when China and Arab countries are
forging ahead with closer ties, experts said.
“China’s relationship with Oman is one of the most distinguished relations
that China has with a foreign country in the world in general and the Arab
world in particular,” Jalal al Lawati, director of promotion and marketing at
the Duqm Special Economic Free Zone, in Al Wusta Governorate in eastern Oman.
He commended the rising diplomatic, political and economic cooperation
between China and Oman, citing the Chinese Industrial Park, built by the
Chinese-owned WanFang Company in the Duqm Special Economic Free Zone, as the
clearest evidence.
The park is built on an area of 11.7 hectares with investments estimated
at 10.8 billion U.S. dollars by its completion.
Al Lawati said that the Chinese Park is in full swing as the first phase
is under way currently. “This project represents one of the big Chinese
investments abroad, especially in the Arab countries,” he said.
“The relations between the two countries are historic, as the diplomatic
ties started in 1978,” he said.
Also, an agreement was signed to prevent double taxation in 2002, followed
by the establishment of the joint Omani-Chinese Committee and the Oman-China
Friendship Association. The exchanges of visits by officials from both
countries have been continuing, al Lawati noted.
At the end of 2016, the volume of Chinese investment in the Sultanate
reached about two billion dollars, while the volume of the bilateral trade
reached 17.2 billion dollars.
Moreover, Omani oil exports to China reached 237 million barrels, which
accounts for 77 percent of its total oil exports, and 10 percent of Chinese
oil imports. Also, Oman’s non-oil exports to China amounted to 192 million
dollars.
Al Lawati also mentioned that Oman and China are working on the
development of a seaport in Tanzania, which indicates the depth of
cooperation between the two countries.
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WanFang Company, which includes an umbrella of all Chinese companies
investing in Duqm, has been making efforts to promote the friendly ties
between the two countries.
The Chinese company has been sponsoring Omani students’ studying trips to
China.
Suror al Junaibi, one of the students who have studied in China on a
fellowship provided by WanFang in cooperation with Duqm Special Free Economic
Zone, praised the role played by Chinese companies in regard to social
responsibility.
“We are a group of young men who benefited from WanFang grants. The
company sponsors all our study fees, accomodation, travel tickets, and even
pocket money,” al Junaibi told Xinhua.
He said that 88 students have earned the sponsorship from WanFang Company,
with the first group of 38 students enrolled in Ningxia Polytechnic College.
“We studied for two years in special fields like renewable energy, oil
equipment, computer applications, economic administration, petrochemical
engineering, and construction materials,” al Junaibi said.
He added that the second group included 50 students who were chosen
through examinations and personal interviews.
“We shall all get jobs in Duqm after finishing our study,” he added.
Nasser al Ghufaili, another student sponsored by WanFang, said he learned
a lot while studying in China.
“We also found out that the faculty are serious and caring as they helped
us to adapt to the Chinese way of life on the first day of our arrival,” he
told Xinhua.
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