• Oman

    • Oman, Saudi Arabia Sign Several Agreements, MoUs

    By on February 3, 2023

    Riyadh: The Sultanate of Oman and the Kingdom of Saudi Arabia (KSA) signed a number of agreements and memorandums of understanding related to investment in various economic and industrial sectors.

    This came on the sidelines of the Omani-Saudi Investment Forum held today in Riyadh, KSA.

    An agreement of cooperation in the field of tourism and travel was signed between VisitOman Company and Saudi Almosafer Company. This agreement deals with developing and promoting quality tourism experiences in the Sultanate of Oman to audiences in GCC countries and organizing joint promotional marketing activities.

    Another agreement of cooperation was inked in the field of automation of research, development and innovation between Oman’s Tanfeedh for Global Business Company and Saudi Clear Vision Company. The agreement aims to develop and integrate technical infrastructure for the management and governance of research and innovation in a bid to enhance transformation towards a knowledge-based economy and boost investment efficiency, in addition to increasing competitiveness and creating job opportunities.

    Further, an agreement was signed to implement and operate projects of infrastructure in the mining field between Oman’s international engineering and contracting company and Saudi Tharwat Al Managem Limited Company.

    Moreover, Oman’s United Investment and Development company and Saudi Al Rajhi Group Holding inked an agreement to establish a joint investment company to invest in various fields that include oil, gas, logistics, e-payments and information technology.

    An agreement of cooperation and partnership was signed between Oman’s Atakamul Aldhahabiyah Oil and Gas Company and Saudi Specialized Industrial Services (SISCO) Company in the field of oil and gas services.

    Meanwhile, an MoU was signed between Oman’s Colossal Engineering and Construction company and Saudi Desert Technologies Company dealing with setting up solar power projects in Oman.

    Several other MoUs were also inked in fields related to green hydrogen, investing in cultural projects and electrical transformer services. -ONA

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.