Saudi Arabia and Oman have signed 13 Memoranda of Understanding (MoUs) for joint work on specific projects within economic sectors, through a number of companies owned by the Oman Investment Authority and Oman’s private sector alongside their Saudi counterparts.
The state television of Oman reported that the Oman Minerals Development Company signed a deal with the Saudi Maaden Company to assess exploration and development opportunities in the mining sector.
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The Omani Okio Group also signed three MoUs with Saudi ACWA Power, Air Products, Aramco Trading and SABIC.
The Muscat Stock Exchange signed a memorandum of understanding with the Saudi Tadawul group to cooperate in stock exchange operations and dual listing of companies.
Saudi Arabia’s Crown Prince Mohammed bin Salman began a Gulf tour that includes the Sultanate of Oman, the UAE, Bahrain, Qatar and Kuwait, ahead of the GCC summit, which Riyadh will host this month.
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