His Majesty Sultan Haitham bin Tarik and President Abdelmadjid Tebboune of the People’s Democratic Republic of Algeria graced the signing of a preliminary agreement, four memoranda of understanding (MoUs), two cooperation MoUs, and four executive programmes between Oman and Algeria. 

These agreements include the establishment of a joint Oman-Algeria Investment Fund. They also spanned scientific, technical, educational, agricultural, investment, pharmaceuticals, judicial, and legal cooperation, as well as plant protection and, animal health fields.

Among the key agreements, Oman Investment Authority (OIA) and Algeria’s Ministry of Finance signed a cooperation MoU to establish a joint investment fund worth RO 115.4 million (USD300 million), equally shared between the two countries. The fund will focus on key sectors such as food security, pharmaceuticals, minerals and mining, with the aim of fostering mutual economic benefits.

In the mining sector, Minerals Development Oman—a subsidiary of Oman Investment Authority—and Algeria’s National Company for Mineral Exploration and Production signed an MoU to expand bilateral cooperation in mining and related industries. The agreement facilitates knowledge transfer, economic diversification, and job creation while adhering to environmental and social sustainability standards.

In the energy sector, Abraj Energy Services and Algeria’s state-owned Sonatrach signed key terms for a joint venture based on a previously agreed MoU. The two sides also finalised two agreements earlier in 2025 to develop vocational training programmes in oil and gas and establish a framework for technical and managerial skill development.

A memorandum of understanding was also signed in the pharmaceutical industry between the Ministry of Health and Algeria’s Ministry of Industry and Pharmaceutical Production, aimed at fostering cooperation in drug manufacturing under the applicable laws of both nations to serve the joint interests. This includes collaboration in pharmacovigilance, scientific research exchange, expertise sharing in drug evaluation, and promoting investment in pharmaceutical manufacturing.

Additionally, a cooperation agreement was signed between Ministry of Justice and Legal Affairs and Algeria’s Ministry of Justice to strengthen collaboration in judicial and legal fields. The two sides will exchange experiences, expertise, and training programmes, as well as share best practices in studying the drafting of international conventions.

In the judicial field, the Supreme Judiciary Council and Algeria’s Ministry of Justice signed a memorandum of understanding (MoU) to boost judicial cooperation, including the exchange of court rulings, joint training programmes for judges and staff, expert visits, collaborative research in legal studies and conducting specialized workshops and seminars.

Agricultural cooperation was also strengthened with the signing of an MoU between the Ministry of Agriculture, Fisheries, and Water Resources and Algeria’s Ministry of Agriculture Rural Development and Fisheries. The agreement focuses on desert farming, modern agricultural technologies, biotechnology for crop resilience, and food safety standards.

An executive programme was activated to implement an existing MoU on plant protection and animal health, enabling the exchange of regulations, technical expertise, and training in phytosanitary measures, seed production, and quarantine procedures.

In fisheries, Oman Marine Science and Fisheries Center and Algeria’s National Centre for Research and Development of Fisheries and Aquaculture signed an executive programme to enhance scientific and technical cooperation in marine research, aquaculture, and smart fishing technologies.

An executive programme in education, stemming from a 2006 bilateral agreement, was also signed to facilitate academic exchanges, joint research, and scholarships between higher education institutions in both countries.

Moreover, the Ministry of Labour and Algeria’s Ministry of Labour, Employment, and Social Security signed an executive programme to enhance cooperation in labour inspection, including the exchange of best practices, dispute resolution mechanisms, and joint training initiatives.

The agreements were signed on behalf of the Omani government by HE Sayyid Badr bin Hamad Al Busaidi, Foreign Minister; HE Abdulsalam bin Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA); HE Dr. Saud bin Hamod Al Habsi, Minister of Agriculture, Fisheries, and Water Resources; HE Dr. Hilal bin Ali Al Sabti, Minister of Health; Eng. Mattar Al Badi, CEO of Minerals Development Oman (MDO); and Saif Said Al Hamhami, CEO of Abraj Energy Services.

Representing the Algerian government were HE Dr. Wassim Kouidri, Minister of Pharmaceutical Industry; HE Lotfi Boudjemaa, Minister of Justice and Keeper of the Seals; HE Abdelkrim Bouzred, Minister of Finance; Rachid Hachichi, CEO of Sonatrach; HE Youcef Cherfa, Minister of Agriculture, Rural Development and Fishing; HE Dr. Kamel Baddari, Minister of Higher Education and Scientific Research; and HE Faysal Bentaleb, Minister of Labour, Employment, and Social Security.