SAUDI ARABIA

Saudi Arabia, Oman ink 13 MoUs for various joint ventures

December 07, 2021



MUSCAT — Saudi Arabia and Oman have inked 13 memoranda of understanding to launch joint ventures in diverse sectors, Oman News Agency (OMNA) reported on Monday.

The Omani group Okio inked three MoUs, one in petrochemicals and renewable energy, the other in green hydrogen (with the Saudi company ACWA Power and Abder Product Co.), the second in oil storage with Aramco and the third with Sabic for developing Al-Doqom petrochemical venture.

Another MoU was signed by the Omani group Asyad, and the Saudi maritime company and a fifth one involved Minerals Development Oman (MDO) and the Saudi Arabian Mining Company.

Moreover, the Omani group Omran inked a memo for investment in tourism with the Saudi Dar Arkan company.

OMNA also noted that the rest of the inked memos covered fish farming and stocks. — SG


December 07, 2021
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