Muscat- A group of leading Saudi companies and a number of companies owned by the Oman Investment Authority and the private sector signed 13 MoUs worth $30 billion.
These came on the sidelines of the visit of Saudi’s Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence, to the Sultanate of Oman, and in embodiment of the growing economic relations.
The signed MoUs aim to enhance investments and joint work in specific projects within the promising economic sectors and to embody the vision of the leaderships of the two brotherly countries towards enhancing mutual investments in areas of common interest, including energy, renewable energy, health care, pharmaceutical industries, real estate development, tourism, as well as petrochemicals. It also includes manufacturing industries, food and agriculture industries, transportation and logistics, information technology and financial technology, in addition to a number of qualitative investments in the Duqm region.
The signing of the MoUs comes as a result of the joint work of the two sides, represented by the Saudi Ministry of Investment, and Oman's Ministry of Commerce, Industry and Investment Promotion, and the Oman Investment Authority.
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