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Muscat Daily
17-05-2025
- Business
- Muscat Daily
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.
Observer
15-05-2025
- Business
- Observer
Oman, Saudi to strengthen commercial cooperation
MUSCAT: Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, received an official delegation from the Kingdom of Saudi Arabia led by Eng Al Badr Adel Fouda, Deputy Minister for Industrial Development at the Ministry of Industry and Mineral Resources and Albara Alaskandarani, Deputy Minister of International Economic Affairs at the Ministry of Economy and Planning. The meeting emphasised the depth of economic relations between the two countries and the importance of enhancing joint cooperation in industrial, commercial and investment fields, in line with the national visions of both Oman and Saudi Arabia. Priority initiatives were reviewed, with a focus on continued institutional coordination to achieve industrial and commercial integration and strengthen the shared investment environment. Dr Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, also held an official meeting with the Saudi side. Discussions centred on enhancing industrial cooperation and economic integration, exploring strategic areas to expand collaboration, and developing partnerships between the public and private sectors in both countries. The meeting highlighted promising opportunities in supply chains and manufacturing, initiatives to integrate Omani and Saudi industrial systems, and cooperation in value-added industries. Challenges related to the flow of goods and services were addressed, with emphasis on joint efforts to innovate new initiatives that enhance regional competitiveness and support sustainable development. This meeting builds on ongoing efforts to strengthen economic partnership between Oman and Saudi Arabia, aiming to build an integrated regional economy that aligns with global transformations and fosters shared prosperity. A number of officials from both sides attended the meeting. - ONA
