Coinciding with the visit of Saudi Crown Prince Mohammed bin Salman to the Sultanate of Oman, the Omani capital, Muscat, witnessed the meetings of the Omani-Saudi Business Forum. The Sultanate of Oman and Saudi Arabia signed 13 memoranda of understanding for joint work on economic projects worth more than $10 billion, through a number of companies owned by the Omani Investment Authority and the private sector.
The Chairperson of the Federation of Saudi Chambers Mr. Ajlan bin Abdulaziz Al Ajlan, affirmed that "the Federation of Saudi Chambers will strongly support efforts to develop the Saudi-Omani economic relations in coordination with government and private agencies in the two countries by encouraging exports, exchanging goods and services, establishing joint investment and commercial projects, and providing information on investment opportunities available on both sides, contributing to overcoming challenges, improving the investment climate, and introducing business owners to ways and channels of financing and supporting joint projects.
For his part, the Chairman of the Board of Directors of Oman Chamber of Commerce and Industry, Eng. Readh Juma Mohammed Ali Al Saleh, stressed that “the development of economic cooperation between the two countries requires more joint projects and mutual investments in various sectors, including the petrochemical industry, infrastructure projects, logistics, information technology, mining, tourism, health services and other sectors,” adding that “utilizing the great potential of the two countries requires working to build partnerships between public and private sector institutions in various investment projects in promising strategic sectors.”
Source (Asharq Al-Awsat Newspaper, Edited)
