Oman seeks Saudi maritime link

RIYADH: Oman’s Minister of Economy, Saeed bin Muhammad Al-Saqri, has called for speeding up the activation of the maritime link between Saudi Arabia and Oman, Arab News reported.

This would involve transferring the region’s oil and gas exports to the Arabian Sea through the Sultanate of Oman, without passing through the Strait of Hormuz, he said in an interview with AlSharq Al-Awsat.

He said both countries are seeking to increase the volume of trade and investment exchange through joint strategic projects, as well as increasing investment opportunities and offering more joint projects and mutual investments in various sectors.

Al-Saqri confirmed that the economic cooperation between both countries has increased.

The establishment of the Saudi-Omani Coordination Council last July, stems from the common denominators between Oman Vision 2040 and Saudi’s Vision 2030.