Kingdom to host Saudi-Omani Investment Forum

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Updated 13 January 2023
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Kingdom to host Saudi-Omani Investment Forum

  • The aim of the event in Riyadh on Feb. 1 is to increase investment flows and enhance trade exchange

RIYADH: Saudi Arabia’s Ministry of Investment will host the Saudi-Omani Investment Forum in Riyadh on Feb. 1, the state-run Saudi Press Agency reported on Thursday.

It will highlight the most promising sectors for bilateral investment, including renewable energy, supply chains, tourism, real estate, transport and logistics services, with the aim of increasing investment flows and enhancing trade exchange, organizers said.

The event will also include a review of key developments in the business and investment environments related to the Kingdom’s Vision 2030 development and diversification agenda and Oman’s Vision 2040 initiative, and in cities and industrial zones in both countries.

Delegates and speakers at the forum will include representatives of the public and private sectors in both countries, including officials and bosses from major Saudi and Omani companies. The agenda will include meetings during which representatives of the private sector can discuss cooperation and partnerships, and review investment opportunities.

Alongside the forum, the ministry is also organizing workshops and a Saudi-Omani Industries Exhibition at which leading businesses from both countries will showcase and promote their products and services. The exhibition will be open from Feb. 1 to 4.


QatarEnergy announces force majeure following Iran attacks: statement

Updated 04 March 2026
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QatarEnergy announces force majeure following Iran attacks: statement

DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.

“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.

QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.

Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.

The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.

On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.

Qatar shares the world’s largest natural gas reservoir with Iran.

QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.

In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.