Saudi Arabia and Oman aim to announce joint industrial and economic zones soon, Oman’s ambassador revealed to Asharq Al-Awsat.
Faisal bin Turki Al Said noted that 2022 would witness increased efforts to achieve the planned partnerships.
The ambassador indicated that both sides are discussing partnerships in joint industrial zones and special economic zones, which will be announced after determining the general framework that achieves mutual benefits.
The Omani diplomat said that efforts are underway, and both sides are holding meetings to determine the needed locations and the type of industries that will be localized.
Al Said added that the first visit abroad by Oman’s Sultan Haitham bin Tariq was to Saudi Arabia, where he met the Custodian of the Two Holy Mosques and the Crown Prince, confirming the partnership strategy.
He indicated that the new stage enhances integration in various fields, achieves aspirations, and boosts bilateral cooperation and Gulf collaboration.
The visit of Oman’s Sultan to Riyadh was followed by a trip made by Saudi Crown Prince Mohammed bin Salman to Muscat.
Last year, the two countries inaugurated the first checkpoint on their border, the Empty Quarter Entry Point, which is crucial for commercial and economic mobility and investment in the coming stage.
The Omani embassy will focus in 2022 on economic blocs, strategic sectors, tourism, and food industries said the diplomat, adding that efforts will boost Saudi-Omani relations.
Al Said pointed out that Oman primarily attracts Saudi, Arab, and foreign investments headquartered in the Kingdom as a significant part of the Gulf economic integration system.
The Omani ambassador explained that after the AlUla summit and the focus on economic integration, observers could see all parties working in the same system.
The past year witnessed the signing of many agreements and partnerships at the ministerial level, in the transport, logistics, technology, oil, gas, or energy sectors.
The partnership between Riyadh and Muscat will help boost the service of small and medium enterprises (SMEs) and the related sectors in industry and agriculture, concluded the ambassador.
