Saudi Export Development Authority Launches Services Export Tour In Oman To Boost Trade Opportunities

The Saudi Export Development Authority, known as Saudi Exports, is organising a tour in Oman from December 29 to 31. This initiative is part of their market access tours aimed at enhancing opportunities for national exports to reach both regional and global markets. During this tour, leading national companies will visit Oman to showcase their products and services.

Several prominent national service companies and government entities are participating in this tour. This reflects the collaboration among various sectors to support Saudi exports. The aim is to establish a strong presence in the Omani market, which is seen as promising for Saudi non-oil exports.

Saudi services have shown high competitiveness in Gulf, regional, and global markets. In 2023, the value of exported Saudi services reached SAR182 billion. This represents a 40% increase over 2022, marking the best performance to date. Such growth highlights the significant progress in the Saudi services export sector.

The Oman tour aims to boost trade between Saudi Arabia and Oman by enabling companies from logistics, telecommunications, IT, consulting, and medical services sectors to present their offerings. These interactions with public and private entities in Oman are expected to open new avenues for trade.

This initiative aligns with the goals of Saudi Vision 2030. It focuses on diversifying income sources, increasing non-oil exports, and supporting sustainable economic growth. By facilitating access to regional and international markets for Saudi services, the authority underscores its commitment to these objectives.

The synergy among participating sectors is expected to enhance the visibility of Saudi services in Oman. This effort is crucial for penetrating new markets and expanding trade relations between the two countries.

The tour not only aims at showcasing products but also seeks to strengthen economic ties with Oman. By doing so, it supports broader economic goals while promoting non-oil exports as a key component of economic diversification.

With inputs from SPA