Oman, Saudi Arabia to boost economic ties

Oman and Saudi Arabia have determined to additional strengthen commerce relations and discover new areas of cooperation.

This got here in a gathering between the Ministry of Commerce, Business and Funding Promotion (MoCIIP) with the Saudi Arabia’s Ministry of Commerce in Muscat on Thursday.

The discussions between Qais bin Mohammed al Yousef, Minister of Commerce, Business and Funding Promotion; and Dr Majid Abdullah al Qasabi, Saudi Minister of Commerce, Performing Minister of Media, explored strategies of overcoming difficulties and augmenting commerce change between the 2 international locations.

“There isn’t any doubt that Saudi-Omani political relations are historic and stable, however financial relations don’t rise to the aspirations of the leaders nor of the folks. We’re engaged on setting targets to extend commerce and funding between the 2 fraternal international locations. Right this moment, the Kingdom has Imaginative and prescient 2030 and the Sultanate of Oman has Imaginative and prescient 2040, and I believe that there are lots of promising alternatives for funding and cooperation,” mentioned Al Qasabi.

“We shared the Kingdom’s expertise with Imaginative and prescient 2030, in addition to the teachings and challenges we discovered with our Omani brothers.”

Through the assembly, the experiences of Saudi Arabia in e-commerce have been reviewed. They mentioned mechanisms for controlling e-commerce motion, enabling entry to focus on markets for non-oil exports and investments, addressing obstacles going through commerce between the 2 international locations, offering safety for nationwide merchandise from practices deemed dangerous to worldwide commerce and upgrading personal sector contribution to exterior commerce.

The assembly was in pursuance of efforts to consolidate industrial change in a sustainable method, in addition to forging new financial partnerships.

Dr Al Qasabi additionally met Sayyid Badr bin Hamad al Busaidy, Overseas Minister; Sultan bin Salim al Habsi, Minister of Finance; and Dr Abdullah bin Nasser al Harrasi, Minister of Data.

In one other assembly Dr Khamis bin Saif al Jabri, Chairman of the Oman Imaginative and prescient 2040 Implementation Comply with-up Unit, and Dr Al Qasabi exchanged views on Oman Imaginative and prescient 2040 and Saudi Imaginative and prescient 2030.

Dr Al Qasabi and his delegation toured the amenities of the Youth Centre, which boasts a variety of halls and laboratories for 3D printing, drones, digital actuality simulation, coaching halls and multi-purpose items.