New Delhi: A Memorandum of Understanding (MoU) has been signed between the Institute of Cost and Works Accountants of India (ICWAI) and the Omar Zawawi Establishment LLC, for setting up an Institute of Cost and Management Accountants in the Gulf country.

The institute will promote and propagate the profession of cost and management accountancy.

Under the agreement, the ICWAI will guide Oman in developing the syllabus.