Saudi Arabia and Oman open first direct land link

Date:

Muscat (Reuters) – Saudi Arabia and Oman on Tuesday opened the first direct land crossing between the two Gulf neighbors, a joint statement said.

“The two sides welcomed…the opening of the 725 km Omani-Saudi road, which will contribute to the smooth movement of citizens of the two countries and the integration of supply chains,” it said.

Saudi Arabia’s Public Investment Fund (PIF) will invest five billion dollars in Oman, Saudi state news agency said, after Saudi Crown Prince Mohammed bin Salman visited as part of a Gulf tour.

Omani and Saudi firms has signed 13 memoranda of understanding (MoU) valued at $30 billion, the Saudi state news agency (SPA) reported.

Share post:

Related

Latest

For Kuwait’s new emir, Saudi ties are seen as key

Kuwait (Reuters) - Sheikh Meshal al-Ahmad al-Sabah was named...

Pope Francis deplores Israeli killings of civilians at Gaza church

Vatican City (Reuters) - Pope Francis on Sunday again...

Palestinians must find new path from Israeli rule after war, top official says

Ramallah (Reuters) - Immediately after Israel's war in Gaza...

Israel says it struck Hezbollah sites after attacks from Lebanon

Jerusalem/Beirut (Reuters) - Israel said on Sunday it had...