Saudi Commerce Minister Receives Omani Economy Minister

Minister of Commerce and Chairman of the National Competitiveness Center (NCC) Dr. Majid bin Abdullah Al-Kassabi received on Wednesday Omani Minister of Economy Dr. Said Al-Saqri and his accompanying delegation. During the meeting, the two sides discussed enhancing the trade and economic partnership between the two brotherly countries, as well as addressing various economic topics that the Gulf Cooperation Council (GCC) countries are working on to increase their intra-regional and external trade. Dr. Al-Kassabi emphasized to the visiting delegation that the economic reforms in the Kingdom have been carried out under the support and guidance of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia. He also highlighted that these reforms align with Saudi Vision 2030, which aims to implement structural reforms in the economic sectors and enhance sustainable economic growth in light of the significant development potential and oppor tunities available in the Kingdom. Dr. Al-Kassabi noted that the reforms have enhanced the attractiveness of the business environment, increased the Kingdom's global competitiveness, and achieved positive performance for the Saudi economy in reputable global reports and indicators. He also indicated the ongoing implementation of initiatives and programs aimed at developing and improving the business environment in the Kingdom, including the efforts of the NCC, which collaborates with relevant government entities to propose and develop policies and procedures that enhance competitiveness. The trade volume between the two brotherly countries reached SAR 36.8 billion, with Saudi exports amounting to SAR 22.5 billion. Source: Saudi Press Agency

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