Saudi Arabia, African countries hold number of roundtable meetings to strengthen investment relations

At the Saudi-African Summit in Riyadh, Saudi Arabia's Investment Ministry held several roundtable meetings with various African countries to bolster investment relations. These meetings included the participation of African presidents, ministers, private sector representatives, and company officials.

Key meetings included the Saudi-Chad roundtable with Chad's President Mahamat Déby and Saudi Investment Minister Eng. Khalid Al-Falih, the Saudi-Somalia meeting with Somalia's President Dr. Hassan Sheikh Mohamud, and the Saudi-Nigeria roundtable with Nigeria's President Bola Ahmed Tinubu. Additionally, a Saudi-Tanzania meeting was held, featuring Tanzania's Minister of Livestock and Fisheries Abdallah Ulega.

These meetings focused on advancing investment relations and developing economic ties between Saudi Arabia and these African nations. Discussions centered on developing qualitative investments and enabling the private sector to capitalize on investment opportunities in both regions.

Furthermore, Saudi Arabia and Mauritania signed a Memorandum of Understanding (MoU) to encourage investment expansion and enhance investment cooperation. This MoU is designed to create a favorable legal investment environment in both countries.