Saudi, Omani firms unveil deals worth $10bn as Crown Prince Mohammed bin Salman begins visit
RIYADH: On the eve of Saudi Crown Prince Mohammed bin Salman’s arrival in Muscat, Saudi Arabia and Oman signed 13 memoranda of understanding, reportedly worth more than $10 billion and covering a number of sectors.
The agreements were signed by Omani companies fully-owned by the sultanate’s Investment Authority, Omani state TV reported on Monday.
OQ Group, a global energy provider based in Oman, signed three of the agreements, the first of which was with ACWA Power and Air Products in the fields of petrochemicals, renewable energy and green hydrogen. The second, relating to oil storage, was signed with Saudi Aramco, and the third, involving…