Riyadh, Saudi Arabia – The Kingdom of Saudi Arabia and the Sultanate of Oman have signed 13 memorandums of understanding with a total value exceeding one billion Saudi Riyal to promote investment in various economic and industrial sectors.
The agreements include cooperation and investment in the infrastructure of storage of oil and petrochemicals, renewable energy, green hydrogen, mining, logistics, entrepreneurship, automation of research, development and innovation, fisheries, marine industries, and tourism and travel.
The pacts were signed on the sidelines of the Saudi-Omani Investment Forum which is held in Riyadh under the theme of “Partnership and Integration”.
The four-day forum aims to build sustainable partnerships in key sectors and contribute to enhancing mutual interests between the two sides.
A total of 300 Saudi and Omani companies are taking part in the forum, which is accompanied by the Saudi-Omani Industries Exhibition.