KUNA: Saudi Crown Prince’s Gulf Tour Leads to Numerous Cooperation Agreements – Politics

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21:55 GMT

Saudi Crown Prince Mohammad bin Salman

(Gathering) KUWAIT, December 10 (KUNA) – Saudi Crown Prince Mohammad bin Salman’s tour of Oman, the United Arab Emirates, Qatar, Bahrain and Kuwait has resulted in the conclusion of a multitude of agreements and memoranda of understanding aimed at cementing inter-cooperation in the Gulf in various fields.
In Kuwait, for example, he met His Highness Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, in the presence of His Highness the Crown Prince of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.
His Highness the Crown Prince of Kuwait and his Saudi Arabian counterpart co-chaired official talks during which they underlined their determination to strengthen cooperation and coordination in the security and military fields between their two countries.
They agreed to strengthen all means of cooperation on international climate policies, implementing the Green Initiative for the Middle East launched by Crown Prince Mohammad bin Salman, according to the joint statement released at the end of the visit.
The two sides agreed to maximize the benefits of power interconnection and power trade.
They underlined their intention to strengthen investments, trade and economic cooperation in the public and private sectors and to carry out common economic projects.
The two sides agreed to strengthen bilateral cooperation to encourage direct investment in the two countries in accordance with the activation of the protocol signed between them, and to strengthen investment exchange opportunities as well as unify efforts to eliminate obstacles and provide opportunities for their investors.
They affirmed the importance of strengthening collaboration in the financial field, sharing expertise and obtaining best practices to carry out economic reforms and diversify sources of income.
They highlighted the strengthening of cooperation in various fields like health, tourism, food security and human development, mainly the sectors of youth and women empowerment, in addition to digital transformation and cybersecurity.
They affirmed the content of Al-Ula’s statement released on January 5, 2021, which calls for the full implementation of the vision of King Salman bin Abdulaziz Al Saud approved by the GCC Supreme Council.
In Muscat, Omani Minister of Trade, Industry and Investment Promotion Qais Al-Yousef and Saudi Minister of Commerce and Media Minister Majid Al-Qasabi signed two memoranda of understanding in the areas of trade and of standardization.
The trade memorandum of understanding emphasized the exchange of expertise, the protection of domestic products, the development of electronic commerce and regulatory mechanisms, and marketing research.
The standardization agreement aims for the exchange of data and studies as well as collaboration in the fields of specifications and quality. It also encourages the holding of training courses.
In addition, the Omani Minister of Information on Tuesday signed with Saudi Minister of Commerce and Acting Minister of Media Majid Al-Qasabi several memoranda of understanding, aimed at strengthening common media areas.
The Oman News Agency (ONA) said the MoUs provide for the exchange of experiences, expertise and exploration of various media aspects.
The MoUs will help strengthen relations between the two countries, supporting media platforms and exchanging information related to news services, ONA added.
For his part, Al-Qasabi said that the memoranda of understanding are designed to improve relations between the two countries and that the role of the media helps to find opportunities for Saudi investors in Oman.
Saudi Arabia and Oman have also signed 13 memoranda of understanding to launch joint ventures in various sectors.
Oman’s news agency said on Monday that Omani group Okio had signed three MoUs, one in petrochemicals and renewables, the other in green hydrogen (with Saudi company ACWA Power and Abder Product Co.), the second in oil storage with Aramco. and the third with Sabic for the development of Al-Doqom’s petrochemical business.
Another memorandum of understanding was signed by the Omani group Asyad and the Saudi shipping company and a fifth involved Minerals Development Oman (MDO) and the Saudi Arabian Mining Company.
In addition, the Omani group Omran hammered a note of investment in tourism with the Saudi company Dar Arkan. Other agreements signed by both parties concerned fish farming and stocks.
The MoUs were signed by the two sides on the sidelines of Saudi Crown Prince Mohammad bin Salma’s official visit to Oman, which is part of his Gulf tour.
In Doha, the Saudi and Qatari sides agreed, in a joint statement issued after the visit of Saudi Crown Prince Mohammad bin Salman, to strengthen cooperation in various fields, including politics, security, defense, economy, etc.
Saudi Arabia and Qatar have also agreed to benefit from projects of an infrastructural, logistical, energy and commercial nature, noting that the upcoming 2022 FIFA World Cup event will serve as a pedestal to realize the visions of the two countries. for 2030.
In Abu Dhabi, the United Arab Emirates and the Kingdom of Saudi Arabia agreed to strengthen their strategic cooperation and integration in various fields.
The two sides asserted that the strengthening of strategic cooperation will create great economic and investment opportunities for new generations in the two countries, according to a joint statement released on Wednesday following the visit of Saudi Crown Prince Mohammad bin Salman. in the United Arab Emirates and relayed by its press agency, WAM.
They pledged to strengthen cooperation in various fields, including energy, climate change, health, tourism, food security and social development.
On the energy front, the two countries praised their close cooperation and the successful efforts of the OPEC + alliance to restore stability in the world oil market.
They affirmed the importance of continuing this cooperation, as well as the attachment of OPEC + member states to the agreement, stressing the need to continue their joint cooperation in the field of oil, gas and petrochemicals, as well as in the peaceful use of nuclear energy and petroleum trade.
They agreed to increase cooperation in electricity trade, artificial intelligence, digital transformation, cybersecurity and advanced technologies.
In Manama, Bahrain and Saudi Arabia signed key agreements, involving a Saudi investment of US $ 5 billion in development projects across Bahrain.
The agreements came at the second meeting of the Saudi-Bahrain Coordinating Council at Bahrain’s Sakhir Palace, co-chaired by Crown Prince and Prime Minister of Bahrain Salman bin Hamad Al Khalifa, and visiting the Saudi Crown Prince, in vice -Prime Minister and Minister of Defense Mohammad. ben Salman Al Saoud.
A feasibility study for the establishment of a Bahraini-Saudi multisectoral holding company was approved during the meeting.
In addition, the two sides discussed cooperation between Bahraini oil and gas company and Saudi Aramco, with emphasis on circular economy and hydrogen production technology. (end) hm.mt

Virginia S. Braud