Oman’s Sultan in Riyadh, seeks Saudi investment

Published July 12, 2021
NEOM: Saudi King Salman bin Abdulaziz and Oman’s Sultan Haitham bin Tariq exchange royal gifts at Royal Palace on Sunday.—Reuters
NEOM: Saudi King Salman bin Abdulaziz and Oman’s Sultan Haitham bin Tariq exchange royal gifts at Royal Palace on Sunday.—Reuters

DUBAI: Oman’s Sultan visited Saudi Arabia on Sunday on his first official overseas trip since assuming power last year, with talks expected to focus on the Yemen war and economic and investment cooperation as Muscat looks to shore up its finances.

Sultan Haitham bin Tariq al-Said, whose country has joined United Nations-led efforts to secure a peace agreement in Yemen, arrived in the Red Sea city of Neom for a two-day visit.

He was greeted by Saudi King Salman — in what Saudi-owned media said was the 85-year-old monarch’s first face-to-face meeting since the coronavirus pandemic began - and Crown Prince Mohammed bin Salman.

The sultan recently faced his biggest challenge with demonstrations against unemployment in the debt-burdened country, which is pursuing wide-ranging reforms and austerity measures. During the visit Saudi Arabia and Oman signed a document to establish a joint coordination council to oversee several agreements.

Oman’s foreign minister, Badr al-Busaidi, had told the Saudi-owned Asharq Alawsat newspaper on Saturday the opening of a delayed new road linking the two Gulf states would facilitate logistics and other infrastructure projects.

Since the oil price crash in 2014, Oman’s debt to GDP ratio has leapt from about 15 per cent in 2015 to 80pc last year, while its plans to diversify revenue away from oil and to reduce spending on its bloated public sector have made slow progress. Oman is among the weakest financially among the Gulf oil producers but has long played the role of facilitator in efforts to resolve regional conflicts because of its neutral foreign policy. The sultanate, which shares borders with Yemen, has intensified diplomatic efforts aimed at securing a ceasefire between Yemen’s Iran-aligned Houthi movement and the Saudi-led coalition that has been battling the group for more than six years.

The coalition intervened in Yemen in March 2015 after the Houthis ousted the internationally recognised government from the capital, Sanaa. The war has killed tens of thousands of Yemenis and pushed the country to the brink of famine.

Published in Dawn, July 12th, 2021

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...