Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure

Saudi Arabia and Oman have signed an executive programme in the field of communications, information technology infrastructure and submarine communications cable investment, according to the Saudi Press Agency (SPA).

The programme aims at utilising the geographic location of the two countries and enhance investment in submarine and land cables as well as creating a joint business environment to bolster cooperation in telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange.

Signed by the Minister of Communications and Information Technology (MCIT) Engineer Abdullah bin Amer Al-Swaha and Omani Minister of Transport, Communications and Information Technology Engineer Said Hamood Al Maawali, the executive programme aims at activating the strategic partnership stipulated in the memorandum of understanding the two countries signed last November.

Saudi Arabia, Oman Sign Executive Program to Enhance Digital Economy, Submarine Cable Investment.https://t.co/KUb71Avuce#SPAGOV

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The programme will provide options for the implementation of regional digital interconnection through investment bodies and licensed companies, in addition to promoting joint investment in data centers and Global Cloud Services (GCS) to maximise the interest of the region.

Stronger ties

In other news, Saudi Arabia and Oman signed 13 investment memoranda of understanding between the public and private sectors of the two countries covering various sectors.

The agreements were signed at the four-day Saudi-Omani Investment Forum, which was held Riyadh. The forum aims to build enduring partnerships in important areas and contribute to bolstering mutual interests between the two countries.

The agreements’ value exceeds SAR1bn and they cover the storage of oil and petrochemicals; renewable energy and green hydrogen; mining investment; logistics and transport; entrepreneurship; automation of research, development, and innovation; fisheries; supporting marine industries; tourism and travel; and solar energy projects, according to the Saudi Press Agency (SPA).

Read: Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn