Muscat, January 10, 2025 – Omani Minister of Commerce, Industry, and Investment Promotion Qais bin Mohammad Al-Yousef underscored the remarkable growth in trade and economic relations between the Sultanate of Oman and the Kingdom of Saudi Arabia, noting that this expansion reflects the deep and enduring fraternal ties between the two nations. Al-Yousef made these remarks during a news conference organized by the Omani Ministry of Information under the theme “Oman and the World,” which highlighted the strengthening of Oman’s global economic partnerships in line with both Saudi Vision 2030 and Oman’s Vision 2040.
Al-Yousef emphasized that joint projects between the two countries are a testament to the concerted efforts being made to enhance bilateral economic cooperation, particularly in sectors that promote trade exchange, regional economic development, and the diversification of economies. These areas of cooperation include energy, industry, technology, and tourism, all of which play a vital role in the shared vision for the future of both nations.
A key highlight of Al-Yousef’s address was his focus on the significant strides made by Saudi Arabia in opening a land route linking the Kingdom to Oman. He described this development as a “qualitative leap” that has dramatically enhanced bilateral trade flows. The new land route has facilitated the movement of both goods and people, creating new opportunities for tourism, business interaction, and public communication. The minister highlighted that this infrastructure project is a vital step in realizing the economic integration goals of both nations, contributing to the development of advanced infrastructure that supports the broader ambitions of Saudi Vision 2030 and Oman’s Vision 2040.
"Saudi-Omani relations are strong and prosperous, and we are witnessing growth in all areas," Al-Yousef stated confidently. "We are certain that continued cooperation will bring about strategic gains that will benefit both countries, especially in the commercial, industrial, and tourism sectors." This sentiment echoes the shared commitment to a deeper and more diversified partnership between the two countries, with a focus on mutual prosperity.
Al-Yousef also acknowledged Saudi Arabia’s considerable progress in modernizing its industrial sector and upgrading its logistical infrastructure. He explained that these advancements have created new opportunities for joint cooperation, particularly in areas related to industrial integration and investment in major projects. Al-Yousef noted the importance of the recent visit by Saudi Minister of Commerce Majid Al-Kassabi to Oman, where both sides discussed a range of initiatives aimed at further strengthening ties between the two nations. These initiatives include the launch of joint projects between the private sectors of both countries, with a special emphasis on industrial development.
The Minister also praised the Saudi-Omani partnership as a model for Arab economic cooperation, highlighting its potential to serve as a beacon of collaboration for other countries in the region. "The relationship between Saudi Arabia and Oman is a shining example of what Arab nations can achieve when they work together for mutual benefit," Al-Yousef remarked, adding that the future holds significant opportunities to build on this foundation and expand cooperation across a range of sectors.
In conclusion, Al-Yousef expressed his optimism about the continued growth of Saudi-Omani relations, noting that the two countries are well-positioned to reap the benefits of their collaborative efforts. As both nations continue to embrace their respective visions for economic transformation, their partnership promises to play a crucial role in shaping the future of regional trade, investment, and economic development in the Arab world.