Sultan of Oman Seeks to Make the Sultanate an Investment Destination

Sultan Haitham bin Tariq delivering a speech on the second anniversary of his accession to power, (Asharq Al-Awsat)
Sultan Haitham bin Tariq delivering a speech on the second anniversary of his accession to power, (Asharq Al-Awsat)
TT
20

Sultan of Oman Seeks to Make the Sultanate an Investment Destination

Sultan Haitham bin Tariq delivering a speech on the second anniversary of his accession to power, (Asharq Al-Awsat)
Sultan Haitham bin Tariq delivering a speech on the second anniversary of his accession to power, (Asharq Al-Awsat)

Sultan of Oman Haitham bin Tariq delivered a speech Tuesday on the second anniversary of his accession to power.

Sultan Haitham said the nation has dealt with a number of challenges in the country with “wisdom and patience”.

He further called for more local investment and said he looks forward to making the Sultanate a foreign investment destination.

“Local investment is one of the important pillars for diversifying national sources of income. Now that we've launched many national programs and created a supportive environment, we urge for more local investment," he said in his speech.

“We look forward to making our country a leading investment destination in all fields."

He also emphasized the significant role the youth can play with their involvement in building the nation.

"We are resolved to lend them our support and encourage their entrepreneurship programs," the Sultan affirmed.

"We will offer necessary support and incentives to small and medium enterprises, given their vital role in stimulating the economy."



Saudi Arabia Welcomes Trump’s Ceasefire Proposal between Israel-Iran

FILE PHOTO: Smoke rises following an Israeli attack in Tehran, Iran, June 18, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
FILE PHOTO: Smoke rises following an Israeli attack in Tehran, Iran, June 18, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
TT
20

Saudi Arabia Welcomes Trump’s Ceasefire Proposal between Israel-Iran

FILE PHOTO: Smoke rises following an Israeli attack in Tehran, Iran, June 18, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
FILE PHOTO: Smoke rises following an Israeli attack in Tehran, Iran, June 18, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Saudi Arabia welcomed on Tuesday the ceasefire proposal between Israel-Iran forwarded by US President Donald Trump, praising the efforts aimed at de-escalation.

The Saudi Ministry of Foreign Affairs said in a statement that it hopes all parties commit to de-escalation and refrain from using force in the coming period.

The Kingdom reiterated support for dialogue and diplomatic means to settle conflicts and regional disputes.

Trump’s announcement on Truth Social said the ceasefire beginning about midnight Washington time would bring an “Official END” to the war.