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Saudi eager to build industries in Oman

Saudi Arabia plans to establish an industrial zone in Oman, following joint discussions between the two Gulf states, Saudi Press Agency reported.

Saudi Arabia will be developing, operating, and managing the industrial zone while setting up logistics routes to transport goods between the two countries.

In a recent official visit to Saudi Arabia, an Omani delegation reportedly rolled out 150 investment opportunities worth OMR 1.5 billion (SAR 14.61 billion) between the two GCC states.

The expected developments will be in the sectors of real estate, industry, tourism, fisheries, petrochemical, and renewable energy.

Source: Mubasher

Written by The Levant