Oman Online News

Oman, Saudi Arabia Discuss Ways to Enhance Financial, Industrial Cooperation

Muscat: Sultan Salim Al Habsi, Minister of Finance, held a meeting today with Dr. Saad Othman Al Qasabi, Governor of the Saudi Standards, Metrology and Quality Organization (SASO). During the meeting, held at Oman Convention and Exhibition Centre, the two sides discussed means of enhancing bilateral cooperation and exchanged views about financial and economic affairs.

According to Oman News Agency, the meeting also dealt with means of promoting industrial integration initiatives, facilitating the traffic of goods, and encouraging the private sector to boost supply chains. It touched on the implementation of initiatives in the field of standards that serve industry and meet the goals of Oman Vision 2040 and Vision 2030 of the Kingdom of Saudi Arabia.

The two sides underlined the importance of the Rub-el-Khali border checkpoint, as well as Omani ports, in supporting economic cooperation. They also laid emphasis on the need to develop customs procedures in a manner that contributes to the facilitation of trade exchange and the expansion of strategic partnerships between the two countries.

The meeting was attended by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion; Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry; Eng. Al-Badr Adel Fouda, Acting Undersecretary for Empowerment at the Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia; Ibrahim Saad Bishan, Ambassador of the Kingdom of Saudi Arabia to the Sultanate of Oman; and Sami Ibrahim Al-Hussaini, Governor of the General Authority for Small and Medium Enterprises in the Kingdom of Saudi Arabia in addition to government officials from the two countries.