Omani Saudi Business Forum explores ways to boost strategic partnerships

By Shilpa Annie Joseph, Desk Reporter
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The Omani-Saudi Business Forum has explored opportunities for joint cooperation between the two sides in economic and investment sectors, as well as possibilities for forming agreements and strategic alliances.

Eng. Ridha Jumaa Al Saleh, Chairman of Oman Chamber of Commerce and Industry (OCCI), said that “a manifestation of deep-rooted historical relations between Oman and Saudi Arabia and the keenness of their leaderships—His Majesty Sultan Haitham Bin Tarik and the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, requires us to intensify efforts to meet the aspirations of the two countries’ peoples, notably the need to speed up joint projects that realize economic diversification and other goals”.

Mr. Al Saleh noted that the inauguration of the desert highway between Oman and Saudi Arabia will pave the way for a new era of partnership that provides more direct access for the flow of goods and services and, generally improves economic and commercial activities.

Ajlan Abdulaziz Al Ajlan
Ajlan Abdulaziz Al Ajlan
Council of Saudi Chambers

“The business forum sets in pace a blessed approach espoused during 11 July 2021 Summit held in Neom in Saudi Arabia by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Majesty Sultan Haitham Bin Tarik. The summit provides for continuous cooperation towards the expansion of areas of cooperation in all fields and the utilization of available investment opportunities in the business sectors. Oman and Saudi Arabia share various potentials and common approaches for economic integration, among them Saudi Vision 2030 and Oman Vision 2040.”

Further, Mr. Azan Al Busaidi of the Oman’s Ministry of Commerce, Industry, and Investment Promotion gave a presentation titled “Invest In Oman,” in which he discussed the competitive business prospects in Oman and how economic growth helps the private sector and entrepreneur initiatives. He further said that Oman’s business climate is inspiring and open to the rest of the globe.

Related: Oman, Saudi Arabia embark on a new era of Economic & Investment ties