Saudi Arabia and Oman on Tuesday opened the first direct land crossing between the two Gulf neighbours, a joint statement said.
"The two sides welcomed...the opening of the 725 km Omani-Saudi road, which will contribute to the smooth movement of citizens of the two countries and the integration of supply chains," it said.
Saudi Arabia's Public Investment Fund (PIF) will invest five billion dollars in Oman, Saudi state news agency said, after Saudi Crown Prince Mohammed bin Salman visited as part of a Gulf tour.
Omani and Saudi firms has signed 13 memoranda of understanding (MoU) valued at $30 billion, the Saudi state news agency (SPA) reported.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Flights halted and cars banned as snow silences Istanbul
Hariri steps away from politics, upending election landscape
Lebanon's ex-PM Hariri says retires from political life
Istanbul airport shuts as snow blankets southeast Europe
UAE intercepts Houthi attack, Saudi Arabia reports two injured by fallen missile
Syria battle between IS, Kurdish forces kills over 135: monitor
Lebanon must not be platform for hostility: Kuwait FM
UAE bans drones for a month after Yemeni Houthi attack
Deadly fighting rages between IS and Kurdish forces in Syria