The United Republic of Tanzania and the Sultanate of Oman have joined and agreed to establish a joint investment fund to invest in projects of joint feasibility in several sectors, including agriculture, fisheries and mining.
The agreement by the two countries was reached on the sidelines of the official visit of President Samia Suluhu Hassan to Oman.
According to Oman’s Ministry of Foreign Affairs, the agreement has been initiated between the two countries on the avoidance of double taxation and the prevention of tax evasion on income.
During his meeting with Tanzania’s Minister of Energy, Sayyid Badr bin Hamad al Busaidy, Minister of Foreign Affairs, reviewed bilateral relations, particularly on the joint projects that the two countries aspire to achieve in the energy field and its derivatives.
The two parties expressed their satisfaction with the outcomes reached as the result of the joint committee for corporation between the two countries in various fields.
The two parties have affirmed the keenness to regularly hold their committee meetings, leading to the follow-up and development of the relations.