Saudi-Omani Forum to Witness Signing of Economic MoUs

The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
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Saudi-Omani Forum to Witness Signing of Economic MoUs

The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat
The forum is expected to witness the signing of memoranda of understanding with the aim to enhance economic, investment and trade cooperation between Saudi Arabia and Oman. Asharq Al-Awsat

An economic forum is scheduled to be held in Muscat on Monday in the presence of Saudi and Omani ministers and representatives of the private sector during the visit of Saudi Crown Prince Mohammed bin Salman to the Sultanate.

The forum is expected to witness the signing of memoranda of understanding to enhance economic, investment and trade cooperation between the two countries.

In remarks to Asharq Al-Awsat, the Chairman of the Saudi-Omani Business Council, Nasser bin Saeed Al-Hajri, said that the visit of the Crown Prince to Muscat will demonstrate “the unity of positions ... in the face of all challenges.”

A fundamental role will be played by the Saudi and Omani Business Owners Council in supporting the volume of business and joint projects between the two sides, according to Al-Hajri, who also noted that bilateral meetings between the business councils have made many achievements, in line with the Saudi Vision 2030 and the Omani Vision 2040, to diversify the economy and establish strong and joint economic entities.

According to Al-Hajri, the Muscat meetings will seek to exploit the available investment opportunities and achieve economic integration between the two sides, stressing that the political will has played a pivotal role in removing all obstacles facing the investors in the two countries.

He said that the business sectors in Saudi Arabia and Oman, shortly before and during the recent visit of Sultan Haitham bin Tariq to the Kingdom, signed several agreements for partnerships in industrial cities, logistics and renewable energy, while an Omani delegation had previously offered 150 investment opportunities to Saudis worth USD4 billion in various vital fields.

According to the National Center for Statistics and Information in Oman, the volume of trade exchange between the two countries amounted to 10 billion riyals (USD2.6 billion dollars) in 2020.



Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
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Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision-makers from around the world.

Saudi Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with the participation of World Water Council President Loïc Fauchon, inaugurated the official logo of the World Water Forum 2027.

In his remarks, Alfadley emphasized Saudi Arabia’s call for strengthened international cooperation and joint efforts among countries and organizations to tackle global water challenges. He underscored the importance of ensuring universal access to water and sanitation services as a key pillar in achieving Sustainable Development Goal 6 (SDG 6).

“Saudi Arabia prioritizes the water sector through various measures, including the adoption of a national strategy encompassing water production, storage, transportation, distribution, treatment, and reuse, all within a comprehensive institutional framework,” Alfadley added.

He further stated that the Kingdom has implemented Integrated Water Resources Management and enhanced supply chain governance. This is supported by the release of a long-term supply and demand plan that extends to 2050, alongside a commitment to environmental, social, and economic considerations in alignment with Saudi Vision 2030.

Highlighting the Kingdom's leading role in supporting regional and international water issues, Alfadley pointed to the launching of the Global Water Organization, aimed at fostering international collaboration, and the establishment of an International Water Research Center focused on water economics, water security, advanced technologies, and digital transformation.

Fauchon said the council, in collaboration with Saudi authorities, has developed a comprehensive framework outlining the thematic, regional, and political components that will shape the roadmap for the 11th edition of the forum that is being held in the Middle East for the first time.

He stressed the need to make water a top global priority, adding that this gathering will lay the foundation for future water policies. “The way ahead is still long, but we are confident we’re on the right path toward real solutions—solutions that can change lives,” he said.

Deputy Minister for Water at the Ministry of Environment, Water, and Agriculture Dr. Abdulaziz Alshaibani underscored the urgency of the current moment, describing the preparatory meeting as a call for serious and immediate action. Alshaibani emphasized the need to build upon existing progress in the water sector and to move decisively towards solidifying priorities.

He stressed the importance of greater coherence and integration across all sectors, along with the unification of all efforts, to achieve tangible solutions to global water challenges and to meet SDG 6. Alshaibani further noted that effective solutions must be anchored in several key pillars, including financing, innovation, diplomacy, and environmental considerations.

The World Water Forum 2027, organized by the World Water Council in Saudi Arabia, is a significant international platform for exchanging ideas and experiences in water management.