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SAUDI-OMANI JOINT BUSINESS COUNCIL HOLDS ITS SECOND MEETING

SAUDI-OMANI JOINT BUSINESS COUNCIL HOLDS ITS SECOND MEETING

The Saudi-Omani Joint Business Council held its second meeting in Muscat, with the participation of His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, His Excellency the Minister of Commerce, Industry and Investment Promotion Qais bin Muhammad Al-Yousef, and the head of the Omani side of the Council Businesses Ali bin Hamad Al-Kalbani.

During his speech, His Excellency Eng. Khalid Al-Falih praised the historic visit of His Majesty Sultan Haitham bin Tariq Al Said to the Kingdom, and his meeting with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Muhammad bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defense.

He pointed to the importance of strengthening and enabling communication between the private sector in the two countries, and the concerned government agencies in all sectors, to develop and protect mutual investments, help find solutions to the challenges facing investors, and explore viable investment opportunities on a continuous and sustainable basis.

He indicated that it is important to remove any obstacles that may limit the growth of intra-regional trade between the Kingdom and the Sultanate of Oman, to maximize the benefit from the establishment of the new border port, and to suggest ways to activate trade exchange, through the land route, which provides a decisive possibility to facilitate direct land transport movement between the two countries.

Al-Ajlan said: We are all confident that the Saudi-Omani Joint Business Council will support these relations and make them a distinguished model for trade and investment partnership relations that are capable of growth and expansion in the future because the two countries have promising trade and investment opportunities.

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