Oman, Saudi Arabia embark on a new era of Economic & Investment ties

Oman, Saudi Arabia embark on a new era of Economic & Investment ties

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Oman and Saudi Arabia, led by His Majesty Sultan Haitham Bin Tarik and the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, respectively, are set for a new stage of economic and investment cooperation in all fields.

Earlier this year, the two countries reaffirmed their plans to engage in joint investment in advanced technologies, innovation, renewable energy projects, industry health, real estate, tourism, petrochemical converting industries, supply chains, logistics partnership, information technology and financial technology.

The achievements made by Saudi Arabia and Oman over the last five months reflect the keen desire of the two countries to work together. This includes the establishment of the Omani-Saudi Investment Forum held last August in Muscat, in which a number of agreements were signed between business persons.

The Omani-Saudi Businessmen Council held a meeting in August with a view to accelerating integration in commercial, investment and economic fields.

Eng. Ridha Jumaa Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI), said that the visit of HRH Prince Mohammed bin Salman Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia to Oman, assumes great significance and will reflect positively at various levels.

In a statement, Mr. Al