Oman,
Saudi Arabia Discuss Strengthening Commercial, Investment Cooperation

Muscat,
15 May (ONA) — Qais Mohammed Al Yousef, Minister of Commerce, Industry, and
Investment Promotion, received an official delegation from the Kingdom of Saudi
Arabia (KSA) led by Eng. Al Badr Adel Fouda, Deputy Minister for Industrial
Development at the Ministry of Industry and Mineral Resources and Albara
Alaskandarani, Deputy Minister of International Economic Affairs at the
Ministry of Economy and Planning.

The
meeting emphasized the depth of economic relations between the two countries
and the importance of enhancing joint cooperation in industrial, commercial,
and investment fields, in line with the national visions of both Oman and Saudi
Arabia. Priority initiatives were reviewed, with a focus on continued
institutional coordination to achieve industrial and commercial integration and
strengthen the shared investment environment.

Dr.
Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry, and
Investment Promotion for Commerce and Industry, also held an official meeting
with the Saudi side. Discussions centered on enhancing industrial cooperation
and economic integration, exploring strategic areas to expand collaboration,
and developing partnerships between the public and private sectors in both
countries.

The
meeting highlighted promising opportunities in supply chains and manufacturing,
initiatives to integrate Omani and Saudi industrial systems, and cooperation in
value-added industries. Challenges related to the flow of goods and services
were addressed, with emphasis on joint efforts to innovate new initiatives that
enhance regional competitiveness and support sustainable development.

This
meeting builds on ongoing efforts to strengthen economic partnership between
Oman and Saudi Arabia, aiming to build an integrated regional economy that
aligns with global transformations and fosters shared prosperity.

A
number of officials from both sides attended the meeting.

—Ends/AG