The talks are expected to focus on the Yemen war and economic and investment cooperation between Oman and Saudi Arabia.
The Sultan of Oman visited Saudi Arabia on Sunday. This is his first official overseas visit since he took office last year. The talks are expected to focus on the Yemen war and economic and investment cooperation because Muscat wants to support its financial situation.
Sultan Haitham bin Tariq al-Said arrived in the Red Sea city of Niom for a two-day visit. His country has joined the UN-led effort to ensure Yemen’s peace initiative.
He was greeted by Saudi King Salman and Crown Prince Mohammed bin Salman-Saudi-owned media said this was the 85-year-old monarch’s first face-to-face meeting since the beginning of the coronavirus pandemic.
Sudan recently faced his biggest challenge Demonstration Unemployment in a country with a heavy debt burden, the country is implementing extensive reforms and austerity measures.
According to Bloomberg News, Saudi Arabia’s cabinet authorized officials to prepare and sign draft agreements with Oman in the fields of commerce, culture, investment promotion, and postal transportation.
Oman’s Foreign Minister Said Badr Busaydi told the Saudi-owned Asharq Alawsat newspaper on Saturday that Saudi Arabia and Oman will set up a joint committee to oversee multiple agreements.
He said the opening of a delayed new highway connecting the two Gulf countries will boost logistics and other infrastructure projects.
Ayham Kamel, head of the Middle East and North Africa team of the political risk consulting firm Eurasian Group, told Bloomberg: “A lot of work has been done behind the scenes to try to establish a foundation for more important things between the Saudis and the Omanis.” “Sultan Haytham is in Riyadh is seen as leaning towards Saudi Arabia in Gulf affairs.”
Oman lends a helping hand
Since the oil price plummet in 2014, Oman’s debt-to-GDP ratio has jumped from about 15% in 2015 to 80% last year, and Oman’s plan to diversify revenue from oil and reduce its bloated public sector spending Progress is slow.
Oman is one of the countries with the weakest finances among the Gulf oil-producing countries, but due to its neutral foreign policy, it has long played a role as a facilitator in efforts to resolve regional conflicts.
Bright future smile
God bless, we have seen all the benefits for the two countries and the region.
Stability, development, prosperity
Optimist🇴🇲🇸🇦#Sultan_Haitham_visits_the_Kingdom #Oman_Saudi_Promising_Future pic.twitter.com/KUBx3OqhEf
-Dr. Abdullah Bin Ali Falsi (@abdalif2) July 11, 2021
Translation: Smile for a better future. I wish the two countries and the wider region all the best. Stability, development and prosperity. We are optimistic.
Although Oman and Saudi Arabia share a common border, the relationship between them has long been cool. Saudi officials are cautious about the friendly relations between Oman and Iran, which Riyadh sees as a regional threat.
Omani officials maintain a cautiously neutral attitude in the region-there is an ongoing competition between Riyadh and Tehran. Muscat has also been wary of undue influence from its larger neighbors.
But the death of Qaboos bin Said, the Sultan of Oman who ruled for 50 years last year, opened up an opportunity for change.
The sultanate, which borders Yemen, has stepped up diplomatic efforts to ensure a ceasefire between the Houthi movement in Yemen and Iran and the Saudi-led coalition that has been fighting the organization for more than six years.
The focus of the negotiations between the alliance and the Houthi armed forces is to lift the blockade of the ports controlled by the Houthi armed forces and the Sana’a Airport in exchange for an organizational commitment to form an alliance with Iran for truce negotiations.
After the Houthi armed forces withdrew the internationally recognized government from the capital Sana’a and large tracts of territory in the north of the country in March 2015, the coalition intervened in Yemen in March 2015. The war has killed tens of thousands of Yemenis and pushed the country to the brink of famine.