MUSCAT: H.E. Sayyid Badr bin Hamad al Busaidi, Minister of Foreign Affairs, in his speech at the 31st annual Arab-US Policymakers Conference, organized by the National Council on US-Arab Relations in Washington, affirmed that the conference provides a rich and required contribution to understanding the challenges, opportunities and uncertainties in the Arab-American relations.

He added that the Council enhances well thought and enlightened cooperation, supported by a humanitarian and global vision. He noted that the conference presents a serious and purposeful dialogue in addressing what is being proposed about the future of Arab-American relations and the role that the United States wants to play in the contemporary Arab world.

In his speech, the Minister of Foreign Affairs pointed out some of the broad outlines of the reorganization process and that the transition will require large investments in renewable energy, and that the Sultanate of Oman has some of the world’s highest potential for solar and wind energy generation. He noted that one study concluded the potential of green hydrogen in the Sultanate of Oman as being ten times its current production of oil and gas.

His Excellency explained that technological development will be crucial for economic diversification, building partnerships with future technology innovators, and inviting them to present their ideas and actions in the Sultanate of Oman, stressing that the Sultanate is working to encourage innovation by supporting Omani youth to develop products, services and small businesses and that Oman’s Vision 2040 has made this a key priority. He stressed on the need to ensure that the new economy provides all citizens with the opportunity to thrive in the country.

He concluded his speech by saying: “The American participation in the region will support security, stability and prosperity more effectively than it was before through the development and implementation of policies that seek to decarbonise, achieve economic diversification, and promote social inclusion.”