The work of the tenth session of the Saudi -South African Committee, which was held under the chairmanship of the ministers of industry in the two countries, was concluded in the Saudi capital, Riyadh.
At the end of the meetings, according to the Saudi Press Agency (SPA), the two sides affirmed the durability of bilateral relations, and their keenness to expand cooperation in the economic, development, and social sectors, to serve common interests, and enhance the paths of sustainable development.
They stressed the importance of continuing communication between government agencies and the private sector, and working to open new horizons for investment and commercial cooperation, as well as strengthening partnerships in the cultural and educational fields.
The course of the course witnessed mutual offers for investment opportunities, as the “Invest in Saudi Arabia” initiative reviewed the most prominent incentives available to South African investors, while the “Invest in South Africa” initiative offered the promising sectors for Saudi investors, including mining, agriculture and energy.
The two sides agreed to launch qualitative initiatives in the sectors of trade, investment, energy, mining and infrastructure, in addition to enhancing agricultural and health cooperation and exchanging experiences in the fields of environment and logistical services, and developing partnerships in maritime and air transport to expand the movement of goods and services between the two countries.
