Oman, Saudi Arabia discuss closer industrial, trade ties
Muscat – Oman and Saudi Arabia reaffirmed their commitment to deepening economic cooperation, with a focus on industrial and trade integration, during high-level talks held in Muscat.
H E Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, received a Saudi delegation on Thursday led by Al Badr Adel Fouda, Deputy Minister for Industrial Development in Ministry of Industry and Mineral Resources, and Albara Alaskandarani, Deputy Minister of International Economic Affairs in Ministry of Economy and Planning.
Discussions centred on priori-ty initiatives aimed at enhancing industrial, commercial and investment ties in line with the national visions of both countries. The ministers highlighted the importance of continued institutional coordination to foster a robust, shared investment environment.
On the sidelines of the meeting, H E Dr Saleh Said Masan, Undersecretary for Commerce and Industry in Ministry of Commerce, Industry and Investment Promotion, held talks with the Saudi delegation to explore ways to strengthen industrial cooperation and expand strategic partnerships between the public and private sectors in both countries.
Key areas of collaboration include supply chain development, manufacturing and value-added industries. Both sides also discussed challenges related to the flow of goods and services and stressed the need for joint innovation to boost regional competitiveness and support sustainable development.
The meeting was part of ongoing efforts to build a more integrated regional economy that responds to global economic shifts and promotes shared prosperity for both nations.
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