Muscat: The Sultanate of Oman and the Republic of Belarus on Wednesday signed three memoranda of understanding (MoU) in Muscat to enhance cooperation on technology transfer in automotive and smart technology sectors.
The first memorandum of understanding (MoU), signed by Karwa Motors and Belarusian company Amkodor, established a joint framework for industrial and commercial cooperation between the two sides, enabling them to expand into the markets of the Sultanate of Oman, the GCC states and African countries.
The second MoU, signed by Karwa Motors and the Belarusian company MAZ, provides for cooperation between the two sides in the field of manufacturing and distributing transport vehicles, specialised vehicles and trailers.
The MoU also includes studying joint marketing, establishing an integrated production line at Karwa Motors automobile plant in the Sultanate of Oman, transferring technical knowledge from the Belarusian side, offering specialized training programmes and providing technical support to enhance the efficiency of national cadres in this field.
The two MoUs were signed by Dr. Ibrahim Ali Al Balushi, CEO of Karwa Motors, along with the Deputy General Manager for Marketing at Amkodor company and the Deputy Commercial Director of MAZ.
The third MoU was signed by Oman National Engineering and Investment Company (ONEIC) and the Belarusian company Delivery Software "Delivio", deals with providing the latest digital solutions and advanced software to the Omani and regional markets.
Key areas of cooperation, through the third MoU, include developing innovative solutions in the fields of ICT (information and communications technology), artificial intelligence (AI) applications, financial technology, and advanced technical services that support digital transition, automation and modernisation of corporate operations.
The MoU was signed by Eng. Aziz Alhasani, General Manager of Information Technology and E-Business at ONEIC, Andrei Sudakov, CEO of Delivery Software.
The signing ceremony was attended by Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), Dr. Abdullah Masoud Al Harthy, Honorary Consul of the Republic of Belarus to the Sultanate of Oman, among other officials from the two countries.
The signing of the memoranda of understanding stems from the Omani-Belarusian Joint Committee's efforts to consolidate strategic partnerships between leading companies in the two countries, contribute to technology transfer and the development of national competencies and highlight the Sultanate of Oman's status as a regional hub for attracting quality investments projects.