Saudi Arabia, Oman sign deals valued at $30 bn

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Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar. Saudi and Omani companies “signed 13 memoranda of understanding worth $30 billion”, the officialSaudi Press Agency reported. The MoUs between the two countries, which seek to diversify their economies away from oil, range from cooperation in the energy and tourism sectors to finance and technology. Prince Mohammed, Saudi Arabia’s de facto ruler, arrived in Muscat on Monday night, the first stop in a regional …

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