Saudi Exports secretary general commends Saudi-Omani trade relations

Secretary General of the Saudi Export Development Authority (Saudi Exports) Faisal Bin Saad Al-Baddah

Secretary General of the Saudi Export Development Authority (Saudi Exports) Faisal Bin Saad Al-Baddah stressed the importance of the visit of Oman Sultan Haitham Bin Tarik to Saudi Arabia to review bilateral relations between the two countries and ways to bolster them in all fields.

Al-Baddah also said that the two countries share ties of religion and Arabism; and united by the economic agreements of the Gulf Cooperation Council (GCC); under which the free trade zone for the GCC states was established.

He also noted that the value of Saudi non-oil exports to Oman amounted to SR3.602bn last year; where the food products sector topped the list of the major exporting sectors with a value of SR1.089bn; followed by the building materials sector with a value of SR876mn and the chemicals and polymers sector with a value of SR502mn.

Al-Baddah also said that there are many export opportunities in the Omani market; especially in the sectors of building materials, food products, medicines, and consumer durables that the Saudi exporters can benefit from.

He also said that the Saudi Exports is constantly developing its efforts to raise the percentage of non-oil exports. Besides, providing support and incentives to exporters; including the launch of the Saudi Export Stimulus Program to encourage Saudi companies to enter and expand export markets.