Al-Ajlan Express Optimism for the Saudi-Omani Economic Relations

Al-Ajlan Express
In this context, he called for more significant efforts to overcome trade and investment obstacles and challenges, thus raising the volume of trade exchange, which did not exceed SR10 billion in 2020.
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Ajlan Bin Abdulaziz Al-Ajlan, Chairman of the Council of Saudi Chambers, praised the development of Saudi-Omani relations.

In this, he stressed that the visit of Oman Sultan Haitham Bin Tarik to the Kingdom means the strength of the political will in expanding the relationships between the two countries.

Al-Ajlan showed the Saudi business sector’s hope about this historic visit, pointing out that the Kingdom and Oman have the required ingredients and ability.

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These abilities fit them to set up natural economic relations, based on the Kingdom’s Vision 2030 and Oman’s Vision 2040.

Al Ajlan called for more important efforts to control trade and investment hurdles, thus raising the volume of trade exchange, which did not exceed SR10 billion in 2020.

He pointed the economic importance of the land road and the border between the Kingdom and Oman.

According to him, this border will open wide prospects for economic cooperation and renew the trade between the two countries.

Moreover, Al-Ajlan said that the Federation of Saudi Chambers would greatly support in Saudi-Omani economic relations.

These relations will be in coordination with public and private agencies between the two countries.

The Federation Al-Ajlan said it would support building Saudi-Omani economic relations by motivating exports, exchange of goods and services.

Al-Ajlan also added the following:

Establishing joint investment,

Trade delegations,

Holding forums and exhibitions,

Providing information on available investment opportunities to both sides.

Also in contributing to overcome challenges, improving the climate investment, and initiating business owners to ways and channels in funding and supporting joint projects.

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