Saudi Arabia and the United Arab Emirates signed a raft of agreements which included a deal to issue joint visit visas for residents of both countries in a bid to boost tourism.
According to the UAE’s official news agency, the accord, among six initiatives highlighted during Crown Prince Mohammed bin Salman’s visit to the UAE, was part of a cooperation deal between the Saudi Commission for Tourism and National Heritage (SCTH) and the UAE’s Ministry of Economy.
The agreement will allow for the speeding up of the flow of traffic at ports of entry between the two countries. A separate joint strategy for food security was also inked, aimed at tackling food challenges not only in Saudi Arabia and the UAE but throughout the region.
The two countries will also develop a new mega-crude refinery with a capacity of 1.2 million barrels per day, integrated with a modern petrochemical complex at an initial cost of $70 billion (SR262 billion) in the state of Maharashtra in western India, to secure the supply of at least 600,000 barrels per day of Saudi crude oil.
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