Saudi Arabia and Austria sign economic-cooperation pact

Short Url
Updated 29 May 2024
Follow

Saudi Arabia and Austria sign economic-cooperation pact

  • The pact was inked at the ninth session of the Saudi-Austrian Joint Committee in Vienna
  • The parties aim to encourage cooperation in trade, industry, research and development, tourism, and small and medium enterprises

RIYADH: The Kingdom’s Ministry of Economy and Planning has signed a cooperation agreement with its Austria counterpart, the Saudi Press Agency reported on Wednesday.

The pact was inked at the ninth session of the Saudi-Austrian Joint Committee in Vienna between the Kingdom’s Economy and Planning Minister Faisal bin Fadel Al-Ibrahim and Austria’s Labor and Economy Minister Martin Kocher.

The parties aim to encourage cooperation in trade, industry, research and development, tourism, and small and medium enterprises.

The countries will also organize conferences and seminars featuring experts in their fields.

The parties are committed to protecting mutual intellectual property rights, the SPA reported.

Saudi Arabia and Austria first signed economic, commercial, industrial and technology agreements in 2004.


Foreign ministers chair Saudi-Omani coordination council meeting in Muscat

Updated 23 December 2025
Follow

Foreign ministers chair Saudi-Omani coordination council meeting in Muscat

MUSCAT: Saudi Foreign Minister Prince Faisal bin Farhan met with Oman’s Foreign Minister Sayyid Badr bin Hamad Al-Busaidi on Monday.

They reviewed bilateral relations between their nations and ways to enhance and develop them across various fields. Additionally, they discussed regional and international developments.

The ministers co-chaired the third meeting of the Saudi-Omani Coordination Council in the Omani capital, Muscat, with the participation of the heads of the Council’s subsidiary committees and the two heads of the Council’s General Secretariat teams.

The meeting comes as an affirmation of the keenness of Saudi and Omani leaders to strengthen ties and advance them toward greater prosperity for both nations.

In his remarks during the meeting, Prince Faisal affirmed that gathering builds on the previous council meeting, held last year in AlUla, and on its positive and fruitful outcomes within the framework of the approved recommendations and initiatives. 

He stressed the importance of continuing the work of the council’s subsidiary committees to complete the necessary procedures to implement the remaining initiatives, and of the General Secretariat’s role in follow-up and in addressing any challenges that may hinder implementation.

He also underscored the importance of developing and enhancing trade relations, stimulating investment, and strengthening cooperation between the public and private sectors.

He also praised the ongoing work to establish and launch the Coordination Council’s electronic platform, which aims to connect all committee work and initiatives to facilitate follow-up on the Council’s progress. 

Al-Busaidi affirmed in his remarks the qualitative progress in relations between the two countries and the notable development witnessed across numerous sectors toward achieving economic integration and enhancing intra-trade and joint investments. 

The Omani foreign minister also highlighted deeper cooperation in the security and judicial fields, as well as the cultural and tourism sectors, noting the advanced and continuous political cooperation, consultation, and coordination on regional and international issues.