The Sultanate of Oman and Saudi Arabia have entered into an agreement aimed at boosting financial sector collaboration. This memorandum of understanding (MoU) was signed by Oman’s Minister of Finance, H E Sultan Salim al Habsi, and his Saudi counterpart, Mohammed Abdullah al Jadaan.
Key objectives of this MoU include strengthening bilateral relations, sharing financial expertise, and enhancing coordination on regional and global matters. It emphasizes the development of financial policies, analysis of public financial data, and the harmonization of financial and legal frameworks. Moreover, the agreement seeks to improve governance practices in the public sector.
This partnership is anticipated to enhance cooperation and advance the financial systems in both Oman and Saudi Arabia.