RIYADH: Around 50 companies have gathered for the Oman-Saudi Industries Exhibition in Muscat, with both countries looking to deepen industrial and investment cooperation.
The four-day event that began on Dec. 21 is being held at the Oman Convention and Exhibition Center, with a focus on strengthening industrial integration, expanding export and joint investment opportunities, and facilitating direct engagement between manufacturers and investors, the Oman News Agency reported.
The exhibition also highlights the latest industrial innovations and national companies in the energy, mining, manufacturing, and technology sectors, with the participation of supporting entities and industrial incubators.
This comes in the context of broader economic cooperation between Oman and Saudi Arabia, including the signing of three agreements in February covering trade, legal services, and manufacturing to strengthen private sector collaboration.
It also aligns with growing economic ties between the two nations, with bilateral trade reaching 2.18 billion Omani rials ($5.65 billion) by December 2024 and 1,496 Saudi-partnered companies operating in Oman.
