Omani and Saudi ministers explore cooperation in commercial and investment fields

As part of the programme of His Majesty Sultan Haitham Bin Tarik’s current visit to the
Kingdom of Saudi Arabia, ministers from both sides held meetings during which they
explored ways of enhancing cooperation in commercial and investment fields.
In this context, Abdulsalam bin Mohammed al-Murshidi, Chairman of Oman Investment
Authority (OIA) held a meeting with Khalid Al Faleh, Saudi Minister of Investment.
During the meeting, the two sides identified broad lines of cooperation based on
empowering their private sectors. It touched on some projects that are capable of
consolidating economic integration.
Al-Murshidi told Oman News Agency (ONA) that it was agreed to form a joint action
team between the OIA and its Saudi counterpart. The team will be entrusted with
conducting preliminary studies for the envisaged projects.
Al-Murshidi pointed out that the meeting was an opportunity to promote the advantages
of economic zones and ports of the Sultanate which, he said, were projected not only as
a gateway to the East, but also as a gateway for Saudi products targeting East Africa.
Meanwhile, Eng. Said bin Hamoud al-Ma'awali, Minister of Transport, Communications
and Information Technology, held a meeting with his Saudi counterpart Eng. Saleh bin
Nasser al-Jasser, Minister of Transport and Logistics.

The meeting discussed means of enhancing cooperation in the logistics sector through
land transport, air transport, railways and the Ramlat to Khaliya highway that will
connect the two countries.
In a statement to ONA, Eng. Al-Ma'awali said that the meeting explored ways of
harnessing the Omani-Saudi experience in the field of electronic trade.
In his turn, Qais bin Mohammed al-Yousef, Minister of Commerce, Industry and
Investment Promotion, met with Dr. Majid bin Abdullah al-Qasabi, Minister of
Commerce.
The meeting discussed cooperation in commercial and investment fields and envisaged
plans to work towards this goal.
Al-Yousef told ONA that the meeting underscored the importance of consolidating
commercial exchanges and the flow of business activities between the two countries
and agreed to form a working team to undertake this mission.
After separate meetings, the Omani and Saudi ministers held a round table meeting that
focused on economic feasibility projects. It was agreed that the OIA and its Saudi
counterpart will conduct feasibility studies for joint economic projects.
This is an unofficial English translation of the original Arabic text. To view
the official Arabic text click here.