Oman, Saudi Arabia discuss business opportunities

MUSCAT: Acting in cooperation with the Saudi Export Development Authority, the Ministry of Commerce, Industry and Investment Promotion on Tuesday organised bilateral meetings in Muscat between entrepreneurs operating Omani factories and their Saudi counterparts.
The meetings focused on key sectors, including construction, food security, packaging and healthcare.
The two sides discussed ways to enhance economic, commercial and investment relations between the Sultanate of Oman and the Kingdom of Saudi Arabia. They elaborated on means of enhancing cooperation between the two countries’ private sectors, notably by developing existing projects and engaging owners of Omani and Saudi factories and business enterprises.
The meetings stem from ongoing coordination between the two countries with the aim of exploring viable investment opportunities and outlining the factors that are needed to enhance bilateral trade in a manner that serves the common interests and supports economic growth in line with Oman Vision 2040 and Saudi Vision 2030. Both visions share common goals and ambitions to diversify the economy, activate innovation and promote investments in vital sectors. - ONA