Saudi Top Level Trade Delegation, Visiting Oman

Governor of the General Authority for Foreign Trade Abdulrahman Al-Harbi, headed a Saudi public and private sectors delegation, to visit the Sultanate of Oman, with the aim of consolidating mutual economic and trade relations between the two countries, and to meet with a number of senior officials.

This visit comes within the framework of the keenness of the leadership of the two countries to deepen the bonds of brotherly relations, and to achieve prosperity and progress for the two brotherly countries and peoples.

During the current visit, he met with Minister of Foreign Affairs of the Sultanate of Oman Badr bin Hamad Al Busaidi, Minister of Commerce, Industry and Investment Promotion Qais bin Muhammad Al Yousef, Secretary-General of the Ministry of Finance Nasser bin Khamis Al Jashmi, and the CEO of the Oman Chamber of Commerce and Industry Dr. Al-Fadl bin Abbas Al-Hinai and Ali bin Hamad Al-Kalbani, head of the Omani side, in the Saudi-Omani Business Council.

These meetings dealt with enhancing trade and investment exchange and enabling cooperation between the private sectors, in the two countries, to benefit from commercial investment opportunities, in the light of the Kingdom’s vision 2030 and Oman’s 2040 vision.

On the other hand, Al-Harbi participated in the annual Gulf Entrepreneurs Forum, in its first edition, held during the period 8-9 November 2021, where he has met with a group of entrepreneurs, who own quality projects.

The Kingdom participated in the forum through two events, the first represented by presenting two working papers that highlight the fields of entrepreneurship, financing and investment opportunities for entrepreneurs, in the Gulf Cooperation Council countries..

In addition, 10 Saudi franchisors participated in the Franchise Exhibition, in order to showcase the advantages and investment opportunities offered by these entities to those wishing to obtain a commercial franchise in the Gulf Cooperation Council countries.

The forum aims to activate cooperation between those responsible for developing the small and medium enterprises sector in the countries of the Gulf Cooperation Council, encourage small and medium enterprises and entrepreneurs to invest in the Gulf countries, present the experiences and success stories of entrepreneurs, and identify available financing opportunities, across the Kingdom.

Trade and investment relations between Saudi Arabia and Oman are witnessing a remarkable development, based on the keenness of the leadership of the two countries and the visions of the Kingdom 2030 and Oman 2040, which constitute a common denominator for strengthening relations and benefiting from trade and investment opportunities, in both countries.

The volume of trade exchange between the two countries in the past four years stood at SR41 billion, and there are as many as 105 Omani brands registered, in the Kingdom, while the capital of Omani companies licensed to operate, in the Kingdom, is as much as SR318 billion.