Beth: An Omani delegation comprising a number of government and private agencies presented about 150 investment opportunities in Oman, valued at 15 billion Saudi riyals, in the sectors of real estate development, industry, tourism, fisheries, renewable energy and petrochemicals, during the delegation's visit "today" to the headquarters of the Federation of Saudi Chambers and its meeting with members The Saudi-Omani Business Council and a number of business owners.

In a speech during the meeting, the Undersecretary of the Ministry of Commerce, Industry and Investment Promotion in the sisterly Sultanate of Oman, Asila bint Salem Al-Samsamiya, stressed the importance of integrating efforts between the Saudi Vision 2030 and the Omani Vision 2040, noting that there are many intersections between them in trends, including economic diversification, and her country’s endeavor to support the economy Through the formation of joint and strong economic companies and entities, calling for the formation of work teams that include all promising sectors, most notably the tourism sector, maritime transport and manufacturing industries.

The Undersecretary described her visit at the head of a large Omani delegation as an "exploratory visit" to achieve quick and long-term gains, stressing her country's determination to overcome all challenges facing Saudi investment in Oman.

In addition, the Secretary-General of the Federation of Saudi Chambers, Dr. Khaled Al-Yahya, explained that this meeting comes within the framework of strengthening and activating the economic relations between our two brotherly countries, especially between the Saudi and Omani private sectors, which increased in frequency with the signing of the joint cooperation agreement between the Federation of Saudi Chambers and the Amman Chamber of Commerce and Industry in the year 2005.

He added, "We are confident that the continuation of the constructive joint work between the two countries will support these relations and bring them to a way that satisfies the aspirations of the senior leadership, business owners and the peoples of the two brotherly countries."

Al-Yahya pointed out that the volume of trade exchange between the two countries did not reach the ambitions of the two countries despite the presence of great investment potentials and opportunities. He said: It was observed that the volume of trade exchange with the Sultanate of Oman decreased by 5.56% in 2021 compared to 2020.

For his part, the Chairman of the Saudi-Omani Business Council Nasser Al-Hajri suggested forming the nucleus of a Saudi-Omani investment team from the private sector specialized in the two countries to discuss cooperation in the development of joint petrochemical industries, including chemical manufacturing industries targeted for the two countries, and to overcome all obstacles facing investors in the two countries.