Saudi Gazette report
MUSCAT – The Kingdom of Saudi Arabia and the Sultanate of Oman on Tuesday reaffirmed their determination to further strengthen bilateral relations and strengthen cooperation in broad areas.
In a joint statement issued following the two-day visit of Crown Prince Muhammad Bin Salman, Deputy Prime Minister and Minister of Defense, to Oman on the first leg of his current tour of the Cooperation Council States Gulf (GCC), the two countries affirmed their determination to accelerate the pace of joint economic cooperation by improving the quality of trade and investment and strengthening partnership with the private sector.
The statement highlighted the session of official talks between Sultan Haitham Bin Tarik of Oman and the Crown Prince who reviewed the prospects for joint cooperation and ways to develop them in various fields. The two leaders praised the cooperation and coordination achieved in the political, economic, military and security fields for the good of the two countries and their peoples.
Saudi Arabia and Oman hailed the positive and fruitful results achieved during Sultan Haitham’s historic visit to the Kingdom in July 2021 by further expanding the scope of bilateral relations. The Sultan’s visit saw the signing of a memorandum of understanding on the creation of the Saudi-Omani Coordination Council. The two sides welcomed the announcement of the opening of the 725 km Saudi-Omani highway, which contributes to the smooth movement of citizens of the two countries and the integration of supply chains to achieve economic integration. desired between the two countries. They also welcomed the launch of Saudi and Omani ports.
Cooperation on energy and climate change
Saudi Arabia and Oman commended the efforts of OPEC + countries to achieve stability and maintain balance in oil markets. They also stressed the importance of continuing this cooperation and the need for all participating countries to join the OPEC + agreement.
The two sides stressed the importance of studying cooperation in joint opportunities in the field of oil, gas and petrochemical sector, as well as strengthening cooperation in the fields of petroleum products trade, l ‘renewable energy and its technologies, as well as in the commercial field the exchange of electric energy and benefit from the electricity grid, besides maximizing the advantages of local content and national capacities in energy sector projects.
In the area of climate change, Oman appreciated the Saudi efforts and initiatives to deal with the phenomenon of climate change, the most important of which are the Green Saudi and Green Middle East initiatives launched by the Crown Prince. The two sides agreed to cooperate in the field of energy and climate change and to work jointly under the Middle East Green Initiative in a way that enhances local benefits and gains, regional and global.
The two parties also welcomed the strengthening of cooperation in the implementation of the circular carbon economy approach launched by the Kingdom during its presidency of the G20 and approved by the group as an integrated and comprehensive framework for address and manage greenhouse gas emissions challenges through technologies, such as an approach that represents an economically sustainable way to manage emissions.
Trade and investment cooperation
Saudi Arabia and Oman agreed to increase facilities that contribute to the fluidity of intra-regional trade, strengthen cooperation in the area of food security and take advantage of available opportunities in the areas of standardization, health and pharmaceutical industries, advanced technologies and innovation, renewable energy and industrial projects, as well as in tourism and petrochemical projects, manufacturing industries and logistics partnership. and financial technology, to achieve common benefits for both countries. The Omani side welcomed the targeting of the Saudi Public Investment Fund’s decision to invest $ 5 billion in Oman.
Two MoUs were signed in the areas of trade and standardization. The two sides expressed satisfaction with the outcome of the third meeting of the Saudi-Omani Business Council and the Economic Forum. A group of large Saudi and Omani companies have also signed a number of memoranda of understanding, including pacts signed between Aramco Trading Company with Okio, SABIC Petrochemical Company with Okio, Saudi Shipping Company with Oman International Logistics Group Asyad and ACWA Power Company. with Okio, Ma’aden with the Oman Minerals Development Company and the Saudi Tadawul Group with the Muscat Stock Exchange.
The two countries welcomed the signing of memoranda of understanding in the field of radio and television, the exchange of information between the Saudi press agency and the Omani press agency, as well as in the media. audiovisual and printed matter. They also welcomed the meeting of the Saudi Journalists Association with its Omani counterpart.
The two sides expressed their determination to strengthen and develop joint work in the tourism sector, highlighting the contribution of this sector to the gross domestic product, as well as creating employment opportunities for citizens and diversifying sources. of income.
Saudi Arabia and Oman discussed major political issues of mutual interest on the regional and international arena, in particular the Yemeni and Lebanese situations. On the Yemeni issue, the two sides agreed to continue their efforts to find a comprehensive political solution to the Yemeni crisis, on the basis of the Gulf initiative and its implementation mechanism, as well as the outcome of the conference. Comprehensive National Dialogue, United Nations Security Council Resolution 2216, and the Saudi Initiative to End the Yemeni Crisis and the Suffering of the Yemeni People.
Regarding the Lebanese issue, both sides stressed the importance of carrying out comprehensive reforms to ensure that Lebanon overcomes its crises and that Lebanon does not become a launching pad for terrorist or criminal acts that destabilize security and stability. of the region. They also stressed the importance of achieving political solutions to the Syrian and Libyan crises in a way that ends the human suffering of the Syrian and Libyan peoples and preserves the unity and integrity of their territories.
The two countries also stressed the importance of cooperation and serious and effective handling of Iran’s nuclear and missile file with all its components and implications. This must be done in a way that contributes to ensuring regional and international security and stability, emphasizing the principles of good neighborliness and respect for UN resolutions and international legitimacy, in order to rid the region of all destabilizing activities.