The Sultanate of Oman and the Kingdom of Saudi Arabia (KSA) have signed thirteen memoranda of understanding to activate joint action in promising economic sectors.
- OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector: the first with ACWA Power, the second with Saudi Aramco and the third with SABIC.
- In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi Shipping Company.
- Oman Mining Company signed an MoU with Saudi Mining Company to assess opportunities for explorations in the mining sector.
- Omran signed an MoU with Dar Al Arkan Real Estate Development Company for the development of a tourism project in Yetti area.
- MoUs on investment in the fisheries sector were signed by Oman Fisheries Company and Naqua Fisheries company.
- In the field of securities, Muscat Stock Exchange (MSX) singed an MoU with Tadawul Stock Exchange.
- Oman Communications and Information Technology inked an MoU with the National Information Technology Company (NITC), while a contract was signed between Khazaen Economic City and Naqel Express of Saudi Arabia to set up a vehicle assembly unit in Khazaen City.
- The MoUs also included an MoU between Oman Project Development Company and Alkhorayef Petroleum.
- An MoU was signed in the field of entrepreneurship by Oqal Oman and its Saudi counterpart.
- Oman Integrated Logistics Company signed an MoU with Saudi Arabia’s Al Zajel company to develop cooperation in the field of logistics and transport.
