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SFD inks USD320M deal to invest in infrastructure venture in Oman
(MENAFN) Saudi Fund for Development has inked a memorandum of understanding with Oman’s Ministry of Finance valued at SR1.2 billion (USD320 million) to invest the infrastructure improvement venture of the Special Economic Zone in Ad Dhahirah, Oman.
The MoU targets to establish additional horizons of collaboration among the two nations via the building of the financial industry which is prepared to promote financial expansion, rise exchange, and motivated cooperation, as shown by a press release.
The agreement was inked by SFD chief executive Sultan Al-Murshid, as well as the Omani Ministry of Finance ruled by Zahri Al-Abri, throughout the Saudi-Omani Investment Forum being hosted in the Saudi capital, Riyadh.
Underlining the significance of cooperation to the two countries, Al-Marshad stated that "This MoU reflects the long-established historical relations and close partnership between the Kingdom of Saudi Arabia and the Sultanate of Oman. This project will help achieve the two countries' ambitious visions, economic growth, and social prosperity.”
The MoU targets to establish additional horizons of collaboration among the two nations via the building of the financial industry which is prepared to promote financial expansion, rise exchange, and motivated cooperation, as shown by a press release.
The agreement was inked by SFD chief executive Sultan Al-Murshid, as well as the Omani Ministry of Finance ruled by Zahri Al-Abri, throughout the Saudi-Omani Investment Forum being hosted in the Saudi capital, Riyadh.
Underlining the significance of cooperation to the two countries, Al-Marshad stated that "This MoU reflects the long-established historical relations and close partnership between the Kingdom of Saudi Arabia and the Sultanate of Oman. This project will help achieve the two countries' ambitious visions, economic growth, and social prosperity.”
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