Oman Airports and the Saudi Arabian firm Matarat Holding Company strengthened their commitment by signing a new Memorandum of Understanding (MoU). The various aspects of the MoU were approved on 21 September 2023; while the initial signing took place during the opening of the ACI Regional Office in Asia, Asia Pacific and Middle East region in Riyadh on 18 September 2023.
The MoU will serve to improve the standards of both parties’ joint work, while creating opportunities for further joint contracts related to the supply chain. It will also reduce costs and supply delivery periods. Additionally, it will enhance cooperation with the aim of exchanging experiences and knowledge between the employees of Oman Airports and Matarat Holding in Saudi Arabia.
This memorandum will also work to enhance cooperation in terms of In-Country Value (ICV) for both Gulf entities – in the aviation sector, logistics projects, and related tasks. The agreement will be valid for two years and is subject to renewal.
Source: Oman Airport