Saudi Arabia has signed deals worth over $30 billion with Oman, as Crown Prince Mohammad bin Salman begins his tour of the Arab Gulf countries, including Qatar.
According to Saudi media, companies from Saudi Arabia and Oman signed 13 memoranda of understanding worth $30billion.
Deals between Saudi Arabia and Oman look to diversify their economies away from oil. They will also aim to strengthen the cooperation in the energy and tourism sectors, including finance and technology.
On Monday night, Prince Mohammed arrived in Muscat, his first stop on a regional tour ahead of the Gulf Summit.
The Crown Prince will also visit the UAE, Bahrain, Kuwait, and Qatar during the tour.
Prince Mohammed’s visit to Doha will mark the first since Saudi Arabia and Qatar broke off relations four years ago.
Saudi Arabia, the UAE, and Bahrain severed all ties with Qatar in June 2017, claiming that it supported radical Islamist groups. The countries fully restored relations with Qatar in January this year.
The prince’s tour comes amid diplomatic efforts to resolve regional disputes, especially Iran and Turkey.
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