Muscat: The Omani-Saudi Business Council, in its third meeting, on Monday, discussed the facilitation of investment procedures in the Sultanate of Oman and the Kingdom of Saudi Arabia, the latest developments in the formation of sectoral committees between the two sides, its role, and the main identity.
The Omani-Saudi Business Forum reviewed the main investment opportunities available in the various economic and service sectors in the Sultanate of Oman and the most important experiences in the petrochemical industries as well as the digital transformation in the Kingdom of Saudi Arabia.
It may be noted that the Saudi-Omani business council held its second meeting in Muscat in August this year.
The business council saw the participation of Saudi Arabia’s Minister of Investment, Khalid al-Falih, and Oman’s Minister of Commerce, Industry, and Investment Promotion, Qais al Yousef.
During the meeting, both ministers signed a memorandum of understanding (MoU) for cooperation in the field of investment promotion.
The meeting also discussed means of promoting trade between the two countries and the formation of joint committees in the targeted sectors.
