The royal visit of Oman to the Republic of Angola is considered a turning point in the bilateral relations between the two friendly countries and can provide a suitable platform for expanding cooperation in various fields, especially in economy and investment.
History of Trade Relations
The volume of trade between Oman and Angola reached approximately 972,900 Omani rials in the first half of 2025, down from 1.31 million Omani rials in the first half of 2024. The trade balance during this period was also in favor of Oman, recorded at 969,700 Omani rials. Oman's exports to Angola during this period were approximately 971,300 Omani rials, with the main export items including machinery parts and electrical cables.
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Growth of Joint Investments
Registered investments with Angolan participation in Oman have seen significant growth in recent years. The number of companies with Angolan participation has increased from one company in 2023 and 2024 to four companies in 2025. Additionally, the number of shareholders has risen from one to six, and the registered capital has increased from 24,000 Omani rials to 74,000 Omani rials.
These investments are primarily concentrated in the construction, professional and commercial activities, as well as the maintenance of vehicles and motorcycles. The energy and mining sectors are among the main areas that could contribute to expanding economic cooperation and investment between Oman and Angola.
As part of strengthening financial cooperation, the establishment of the African Bank of Oman in April 2026 in the capital of Angola, Luanda, was announced. This move could facilitate trade and investment exchanges between the two countries and provide new opportunities for private sector cooperation.
The official visit of Angola's President, João Lourenço, to Oman in December 2024 is also considered a milestone in bilateral relations and led to the signing of an agreement to purchase a stake in the Catoca and Luaila mines in Angola.
The development of these relations through reciprocal visits and meetings of officials and representatives from both countries reflects a mutual interest in strengthening cooperation and investments.
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