Oman, Saudi explore ties in economic fields

Existing investment structures in Oman provide an attractive environment for promising projects

MUSCAT: Oman and Saudi Arabia explored the available economic and investment opportunities during the Omani-Saudi Investment Forum on Monday.

The forum, organised by the Ministry of Commerce, Industry and Investment Promotion in collaboration with Oman Investment Authority (OIA), the Public Authority for Special Economic Zones and Free Zones (OPAZ) and Oman Chamber of Commerce and Industry (OCCI), held at Oman Convention and Exhibition Centre, was aimed to reach agreements and partnerships between Omani and Saudi firms.

During the forum, Qais bin Mohammed al Yousuf, Minister of Commerce, Industry and Investment Promotion, said that the existing investment structures provide an attractive environment for promising projects. These factors affirm the existence of suitable opportunities for entrepreneurs and investors from Saudi Arabia to enter into partnerships with their Omani counterparts.

Al Yousuf said that Saudi investors get the same treatment as Omani investors and that the ministry will provide technical support and other services to help accelerate steps towards the conclusion of deals for each individual investor.

The minister said that Oman and Saudi seek to achieve prosperity for their citizens and that this partnership, based on solid grounds of integrated action, constitutes an opportunity for the two countries’ peoples.

Speaking on the occasion, Khalid Abdulaziz al Falih, Saudi Minister of Investment, said that the forum benefits from the developmental approaches of both countries and respond to the objectives of Saudi Vision 2030 and Oman Vision 2040.

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