Saudi Arabia is thinking about developing a business zone in Oman and the two gulf states have mentioned the possibility in investment talks, the Saudi state news agency spa reported.
Saudi and Omani officers met earlier in the month to speak about funding possibilities and discussions this week were around “possibilities for cooperation and integration opportunities inside the particular monetary zones within the kingdom and the sultanate,” spa said on Wednesday.
Saudi Arabia is within the midst of a bold financial improvement plan – imaginative and prescient 2030 – to wean the economic device off oil, at the identical time as Oman currently introducing a medium-time period plan to rein in its debt that has grown at breakneck tempo in cutting-edge-day years. both are eager to attract foreign investment as a part of their reform efforts.
“The assembly also discussed reading the opportunity of setting up a Saudi industrial quarter in Oman, where the Saudi aspect could broaden, operate and manage the sector, and build logistical routes to transport items among Saudi and Omani unique financial zones,” spa said.
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