RIYADH — The Minister of Commerce Dr. Majid Bin Abdullah Al-Qasabi has reasserted the depth and strength of the Saudi-Omani bilateral relations in all fields, especially in the commercial domain which experiences remarkable developments due to the ambitious visions of the two countries and growing trade exchange volume.

He pointed out, in a statement to mark the visit of Sultan of Oman Haitham Bin Tarik to the Kingdom, that reciprocal visits of top-level officials express the serious will to strengthen endeavors and build strategic and vigorous partnerships in various fields to best serve the two sisterly countries and peoples.

The two countries anticipate to raise the volume of their bilateral trade exchange that reached over SR 58.6 billion during the past 6 years (2015-2020), he added.

On the other hand, he highlighted that the two leaderships are keen to promote economic as well as commercial relations and to consolidate joint cooperation through Saudi-Omani Business Council to contribute to translating investment opportunities into tangible partnerships, as it is an effective channel of communication between businessmen to enhance partnership and identify and benefit from investment opportunities.

It is noteworthy that the volume of Omani licensed investments in the Kingdom amounted to more than SR 318 million, and the Kingdom ranked 7th among the countries exporting to Oman, while Oman ranked 19th among the countries exporting to the Kingdom. — SPA