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Saturday, April 20, 2024
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Saudi Arabia signs 13 key investment deals with Oman

Saudi Arabia signs 13 key investment deals with Oman

The arrangements authorized highlight the long-standing collaboration between Saudi Arabia and Oman

The Ministry of Investment of Saudi Arabia (MISA) has actually wrapped up hosting a senior delegation from Oman, which culminated in 13 MoUs being authorized covering essential markets such as biochemicals, energy, mining, monetary investment, logistics, maritime transport, information technology to name a few crucial sectors.

The Saudi-Omani Investment Online forum complies with numerous effective MISA occasions held with financial investment counterparts from such countries as Türkiye, Azerbaijan and also South Korea causing enhanced teamwork as well as several MoUs to check out investment chances throughout several fields.

The forum was opened up by Khalid Al Falih, Saudi Minister of Financial Investment, as well as Qais container Muhammad Al-Yousef, Minister of Commerce and also Industry as well as Omani Investment Promo, that led an Omani delegation of diplomats and magnate.

Participants saw discussions by both Omani and Saudi reps. From Oman, Buy 2040 as well as Unique Economic Zones in the Sultanate of Oman were highlighted as chances offered to Saudi capitalists, while Saudi authorities offered Buy Saudi Arabia as well as Special Financial Cities and Areas which showcased the areas of investment available in the Kingdom.

The arrangements authorized today (February 1) highlight the long-standing partnership between Saudi Arabia and also Oman, which has sped up in recent times with several high-level involvements happening over the last few years.

In December 2021, Saudi Arabia and also Oman announced the opening of the first land crossing between both gulf countries to advertise trade exchange, while in April in 2015, Al Falih satisfied the Chairman of the Oman Investment Authority Abdulsalam bin Mohammad Al Murshidi to explore the improvement of financial investment cooperation.

Together With the Financial Investment Online Forum, Al Falih as well as Al Yousef opened the Saudi-Omani Industries Event.

The exhibition, which runs till February 4, highlights the strong economic relationship in between both nations throughout numerous sectors, showcasing services and products from small as well as moderate business services from both sides to promote chances for investment.-TradeArabia Information Solution

Last Updated:  02 February 2023

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