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Saudi investment minister visits Oman to boost economic ties

Mount Equity Group Tokyo, Japan > News > Markets > Saudi investment minister visits Oman to boost economic ties

Investment Minister, Khalid Abdulaziz Al Falih, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. REUTERS/Ahmed Yosri

DUBAI, Aug 29 (Reuters) – Saudi Arabia’s Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries, Saudi state news agency SPA said.

The visit follows economic talks earlier this year after which Saudi Arabia said it was considering developing an industrial zone in Oman, a neighbouring country with a much smaller economy. read more

Sunday’s visit aims “to consolidate and expand the economic relations and mutual investments between the two brotherly countries”, SPA said.

The Saudi delegation includes officials from government agencies and private sector representatives, it said.

Saudi Arabia is in the midst of an ambitious economic development plan to wean the economy off oil, while Oman last year introduced…

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