The Federation of Saudi Chambers (FSC) organized in Riyadh yesterday a meeting between Saudi and Omani officials, business owners and companies, to promote cooperation in transport, technology, logistics and digital economy. Chairman of the Federation of Saudi Chambers Ajlan Al-Ajlan said that the meeting comes in light of the Kingdom's and Oman's trends towards continuous coordination, enhancing economic cooperation, and exploring available investment and trade opportunities. He stressed the need to work to increase the volume of trade exchange of SAR 10.6 billion in line with the capabilities and economic opportunities of both countries. For his part, Undersecretary of Oman's Ministry of Transport, Communications and Information Technology for Communications and Information Technology Dr. Ali Al-Shidhani said that the Saudi-Omani bilateral relations are witnessing steady growth and prosperity in light of the ambitious economic visions of the two countries (Oman Vision 2040) and (Saudi Vision 2030), which include common denominators in economic diversification and reliance on modern economies, foremost of which is the digital economy, which constitutes about 10% of the global GDP. He added that Omani technology companies are looking forward to opening new markets, growing business operations and exchanging pioneering expertise with their Saudi counterparts. Undersecretary of Omani Ministry of Transport, Communications and Information Technology for Transport Eng. Khamis Al-Shammakhi said that the Omani delegation, which includes major Omani companies in the field of transport and logistics services, is looking forward to strengthening relations between the two countries in the various transport sectors. Then, the Omani side reviewed the Sultanate of Oman's capabilities in the field of transport, logistics, communications, information technology and digital economy, where 14 Omani communications companies reviewed their capabilities and projects in an effort to establish a joint platform between the Kingdom and Oman to support Small and Medium Enterprises (SMEs).
