Sheikh Ali Hamad Al-Kalbani, the Omani head of the Oman-Saudi Arabia Business Council (OSBC), emphasized the need for clear priorities for cooperation between the private sectors of Oman and Saudi Arabia during a meeting aimed at exploring ways to strengthen trade exchange. This session was held to create new opportunities for business owners and enhance the capabilities of the private sectors of both countries to capitalize on existing options in their markets.
Clarifying Cooperation Priorities
In his opening speech at the meeting, Sheikh Al-Kalbani stated that the current phase requires identifying specific priorities for cooperation among private institutions in Oman and Saudi Arabia. He acknowledged that this could be achieved by studying the opinions and suggestions of OSBC members regarding necessary actions to strengthen trade exchange and expand investment partnerships.
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Turning Proposals into Practical Actions
Sheikh Al-Kalbani also added that the next meeting will be held to turn these proposals into practical steps. These steps could help create new opportunities for business owners and enhance the ability of the private sectors of both countries to capitalize on existing options in their markets. He emphasized that this cooperation would benefit both countries and could contribute to their economic development.
In this context, Sheikh Al-Kalbani stressed the importance of exchanging experiences and knowledge between the private sectors of both countries, stating: "As business entities, we must seek solutions that benefit both parties and continue to strengthen our economic relations through this." This approach could help create new opportunities in various commercial and investment fields.
Potential for Trade Cooperation
Given the strong relations between Oman and Saudi Arabia and the geographical positions of both countries, there are many potentials for cooperation in various commercial and investment fields. The question of how to turn these potentials into reality remains a fundamental challenge for both countries. Sheikh Al-Kalbani and other OSBC members are seeking to identify and strengthen these potentials to achieve economic growth and sustainable development.
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