In late January, an Omani sovereign wealth fund signed an understanding with Iran’s biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a $200 million auto plant in Oman. Oman Muscat is to open a representative office in Iran following the rapid growth in business ties between the two countries since the lifting of sanctions on Iran . Oman is keen to strengthen ties with Iran so as to obtain natural gas supplies for its industry and diversify its economy beyond oil .
Oman Muscat is to open a representative office in Iran following the rapid growth in business ties between the two countries since the lifting of sanctions on Iran . Oman is keen to strengthen ties with Iran so as to obtain natural gas supplies for its industry and diversify its economy beyond oil .