Custodian of the Two Holy Mosques Congratulates President of the Republic of Hungary on Her Country's National Day    President of Uzbekistan Leaves Jeddah    HRH Crown Prince Receives Leader of Wisdom Movement in Iraq    Saudi National Team Player, Abdul-Elah Alem Becomes World Champion in Weight-less 62 KG MMA Competition    HRH Crown Prince Condoles President of Algeria on Wildfire Victims    Uzbekistan's President and IsDB Discuss Boosting Bilateral Cooperation    Saudi Stock Exchange Main Index Ends Trading Lower at 12621.73 Points    Saudi Bowling Team Wins Silver Medal in Arab Championships in Cairo    Red Crescent air ambulance evacuates female Saudi patient from Georgia    SWCC Organizes Future of Desalination International Conference "FDIConf 2022" in Riyadh Next month    WHO chief says 'color of skin' behind lack of help for Tigray    Sri Lanka's economic crisis pushes health system to brink of collapse    WHO steps up assistance to flood-ravaged Yemen    21 killed, dozens hurt in explosion at Kabul mosque    Ammar Al-Hakim arrives in Jeddah    Al Rabeeah meets Omani twins Safa and Marwa 15 years after separation surgery    Amid singing, dancing and deep talk, Usyk and Joshua address pre-fight press conference Joshua wants to compete; Who doesn't compete doesn't live, says Usyk    Wildfires Kill at Least 26 in Eastern Algeria    "Disney on Ice" Characters Take Visitors to Boulevard Arena in Riyadh on an Extraordinary Journey    OIC Expresses Solidarity with Algeria over Forest Fires    Asian Stocks Fall    16 Dead, 36 Missing in Flash Flood in Western China    Crown Prince, Uzbek president hold talks in Jeddah    PIF buys stakes in Meta, Alphabet, Amazon, JPMorgan and other 13 companies    Saudi holdings of US treasury bonds rise by $4.5 billion in June    LuLu launches India Utsav    65 countries receive Unaizah dates    Usyk, Joshua conduct open training ahead of the biggest boxing event in Saudi Arabia    Saudi bowling team wins gold in doubles in Arab Championships in Cairo    Fifa suspends Indian FA over undue influence from third parties    Oscars apologizes to actress Sacheen Littlefeather after 50 years    Harry and Meghan to visit UK in September for charity events    Saudi Volleyball National Team to Face Zamalek Egyptian Team    Saudi Bowling Team Wins Gold in Doubles in Arab Championships in Cairo    J&J talc powder sold in Saudi Arabia does not contain asbestos: SFDA    King Salman Urban Charter's typeface wins three international prizes    Ka'aba door bears witness to Saudi rulers' care for the House of God Kaaba' door, repentance' door contain more than 280 KG of pure gold    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    Association of Culture and Arts in Dammam Announces Winners of "International Video Art Forum"    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    MoH Activates Sign Language to Communicate with Pilgrims with Deafness or Muteness During Hajj    Sheikh Al-Issa at Arafat sermon: Values of Islam foster harmony; eschew hatred and division    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Saudi and Omani Companies Sign 13 MoUs Related to Joint Work in Promising Economic Sectors
Published in Saudi Press Agency on 07 - 12 - 2021

A group of leading Saudi companies and a number of companies owned by the Oman Investment Authority and the private sector signed 13 MoUs worth $30 billion.
These came on the sidelines of the visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to the Sultanate of Oman, and in embodiment of the growing economic relations.
The signed MoUs aim to enhance investments and joint work in specific projects within the promising economic sectors and to embody the vision of the leaderships of the two brotherly countries towards enhancing mutual investments in areas of common interest, including energy, renewable energy, health care, pharmaceutical industries, real estate development, tourism, as well as petrochemicals. It also includes manufacturing industries, food and agriculture industries, transportation and logistics, information technology and financial technology, in addition to a number of qualitative investments in the Duqm region.
The Saudi Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, said on this occasion: "The Kingdom of Saudi Arabia and the Sultanate of Oman are full of promising investment opportunities that provide a fertile ground for establishing various investment partnerships between the Saudi and Omani business sectors."
He clarified that the signing of MoUs will enhance investments in a number of fields, which will be reflected in the development of services and the achievement of the aspirations of the Kingdom's Vision 2030 and Oman's Vision 2040.
He stressed that these MoUs will contribute to strengthening the relations between the two brotherly countries, by supporting mutual investment relations, developing available investment opportunities as well as achieving economic integration between the two brotherly countries.
The signing of the MoUs comes as a result of the joint work of the two sides, represented by the Saudi Ministry of Investment, and Oman's Ministry of Commerce, Industry and Investment Promotion, and the Oman Investment Authority.

Clic here to read the story from its source.