On Monday, a joint statement was issued by Saudi Arabia and Oman, indicating that the two Gulf neighbors agreed to enhance further their bilateral relationship in various fields, including the political, security, and military field.
In the statement, it is said, “This will contribute to the consolidation of supply chains in order to achieve the desired economic integration between the two brotherly countries.”
According to the statement, the leadership of both countries also has come to terms regarding promoting the private and public sectors to reach “qualitative trade and investment exchanges that achieve the aspirations of their respective populations.”
In addition to current ones, high technologies, renewable energy and related industry, health, and pharmaceutical industries are determined as potential areas of investments, the statement added.
Oman’s Sultan Haitham bin Tariq Al Said started a two-day official visit to Saudi Arabia on Sunday. This came as the Sultan’s first foreign trip since he ascended to the throne last year. Upon his arrival in Saudi’s NEOM city, Sultan Haitham was welcomed by Saudi King Salman and Crown Prince Mohammed bin Salman. This is also King Salman’s first face-to-face meeting since the COVID-19 pandemic broke out.
On Sunday, the two Gulf neighbors’ foreign ministers signed a memorandum of understanding (MoU), establishing the Omani-Saudi Coordination Council in the presence of King Salman and Sultan Haitham. Aiming to improve cooperation and strengthen bilateral relations, the MoU foresees the opening of border crossings to ease the movement of people and goods of the two countries.