Saudi investment minister visits Oman to boost economic ties

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Saudi Arabia's Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries, Saudi state news agency SPA said.

The visit follows economic talks earlier this year after which Saudi Arabia said it was considering developing an industrial zone in Oman, a neighbouring country with a much smaller economy.

The Saudi delegation includes officials from government agencies and private sector representatives, it said. Both countries were hit hard by the coronavirus crisis and low oil prices last year, and are keen to attract foreign investment as part of their reform efforts.

 

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