Home Business The conclusion of 13 memoranda of understanding between Saudi and Omani companies

The conclusion of 13 memoranda of understanding between Saudi and Omani companies


Saudi Arabia and the Sultanate of Oman have signed 13 Memoranda of Understanding for joint work on specific projects within promising economic sectors, through a number of companies owned by the Oman Investment Authority and the private sector that have signed these memoranda with their Saudi counterparts.

And the official television of the Sultanate of Oman reported that the Oman Minerals Development Company has signed a memorandum with the Saudi Maaden Company to evaluate exploration and development opportunities in the mining sector.

Omani Okio Group has also signed 3 memorandums of understanding with Saudi ACWA Power, Air Products, Aramco Trading and SABIC.

The Muscat stock exchange has signed a memorandum of understanding with the Saudi group Tadawul to cooperate in stock exchange operations and the double listing of the companies.

Today, Monday, Prince Mohammed bin Salman begins a tour of the Gulf which includes the Sultanate of Oman, the United Arab Emirates, Bahrain, Qatar and Kuwait, in view of the GCC summit, which Riyadh will host in the middle of this month.

The Saudi Crown Prince will begin this tour with an official visit to the Sultanate of Oman, where a series of files of common interest will be discussed serving the interests of the two countries and in a way that satisfies the aspirations and hopes of the two peoples for a more prosperous future, according to a statement by the Diwan of the Oman Royal Court.

Read More About: Business News


Exit mobile version