Saudi Exports Development Authority (SAUDI EXPORTS) today organized a commercial mission for over 30 Saudi senior manufacturers and exporters in the constructions and foodstuff sectors to Oman.
The mission, which targets 70 Omani companies, follows the two countries’ signing of memorandum of understating worth $30 billion for cooperation in various economic fields on the sidelines of the visit of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz to Muscat in December 2021.
Deputy Secretary General for Strategy and Planning at SAUDI EXPORTS Abdulrahman Al-Othman stressed that the commercial mission to Oman will enhance cooperation aspects between the two countries, boost commercial and economic relations, and provide Saudi exporters with available opportunities in the Omani market for all sectors, mainly the constructions and foodstuff sectors.
He noted that the Saudi non-oil exports to Oman reached SAR 3.5 billion ($932 million) till November 2021—food sector SAR 884 million, petrochemicals SAR 709 million and the constructions sector SAR 529 million.
Media reports said the commercial mission is a continuation of SAUDI EXPORTS efforts to empower export capabilities, support local producers and exporters through promoting their products, facilitate their access to international markets, and increase the rate of non-oil exports from 16 percent to 50 percent of the non-oil GDP.