2018-10-12

Omani-Saudi Business Forum seeks to boost trade between both countries

Stemming from the close historical and business ties between the Sultanate of Oman and the Kingdom of Saudi Arabia, The Omani-Saudi Business Forum will kick off on Sunday 13th October. The forum, organized by the Sultanate, represented by the State General Reserve Fund, in cooperation with the KSA Public Authority for Investment and the Council of Saudi Chambers, aims to discuss the prospects of the brotherly relations between the Sultanate and Saudi Arabia, and enhance investment between the Sultanate and KSA.

The two-day Forum, held in Kempinski Al Mouj, will be attended by HE Sultan bin Salim Al Habsi, Deputy Chairman of the Board of Governors of the Central Bank of Oman, and HE Abdulrahman Al-Omar, Governor of the KSA Public Authority for Investment in Saudi Arabia, as well as a number of senior officials from government and private investment institutions and businessmen. The agenda of the forum will include presenting investment opportunities available in the Sultanate in the transport ports, tourism, pisciculture, mining, and oil and gas sectors. The forum will also be accompanied by dialogue sessions and bilateral meetings between businessmen and heads of companies from both sides. 

On the second day of the forum, the Saudi delegation comprising of 65 public and private sectors’ officials will head to Al Wusta Governorate on a special visit to the Special Economic Zone Authority, Duqm Port and the Dry Dock. The delegation will be accompanied by HE Dr. Ahmed bin Mohammed Al Futtaisi, Minister of Transport and Communications. The visit will review the underway projects in Duqm and shed light on the incentives provided to investors there.