Leading Saudi companies keen on investing in Oman, says investment minister
Published 29 Aug,2021 via Arab News - Economy RIYADH - Saudi Investment Minister Khalid Al-Falih on Sunday said a number of leading Saudi companies are interested in making investments in vital sectors in Oman, such as petrochemicals, healthcare and renewable energy, etc.
The minister who is leading a delegation of Saudi businessmen and officials to Oman said the trade volume between the two countries amounted to more than SR2 billion ($533 million) in the first quarter of 2021, the SPA reported. He said the trade exchange between the two brotherly countries was hit due to the coronavirus disease pandemic but not it is rising back to the pre-pandemic level.
The number of Saudi investors in Oman has reached 1,235 whereas 320 Oman companies have so far invested in various sectors in the Kingdom. Al-Falih said the total Saudi investments in Oman amount to nearly SR24 billion and Omani investments have reached over SR4 billion.
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