Al-Jubeir highlights Saudi-Romanian historic ties

Saudi Minister of State for Foreign Affairs Adel Al-Jubeir speaks during a symposium at Carol I University in Bucharest. (SPA)
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Updated 14 February 2020

Al-Jubeir highlights Saudi-Romanian historic ties

RIYADH: Saudi Arabia’s Minister of State for Foreign Affairs Adel Al-Jubeir participated in a symposium at Carol I University in Romania’s capital city, Bucharest, on Thursday.

Al-Jubeir is currently on an official visit to the country, marking the 25th anniversary of the establishment of diplomatic relations between Saudi Arabia and Romania.

During the symposium, Al-Jubeir highlighted the Kingdom’s efforts to achieve regional and global security.

Earlier, the foreign minister met Romanian President Klaus Iohannis and conveyed greetings from King Salman and Crown Prince Mohammed bin Salman to the president, government and people of Romania as well as their wishes for steady progress, prosperity and stability. 

He also met Romanian Prime Minister Ludovic Orban.

Al-Jubeir also met separately with Romanian Minister of Foreign Affairs Bogdan Aurescu; Cristian-Sorin Dumitrescu, chairman of the committee for foreign affairs of the Romanian Senate; and Biro Rozalia-Ibolya, chairwoman of the foreign policy committee of the Romanian Chamber of Deputies. 

MoU signed to facilitate investment in Saudi Arabia

Updated 26 min 26 sec ago

MoU signed to facilitate investment in Saudi Arabia

RIYADH: The Saudi Arabian General Investment Authority (SAGIA) and the Diriyah Gate Development Authority (DGDA) signed a memorandum of understanding (MoU) to step up cooperation, the Saudi Press Agency reported on Thursday.

Under the MoU, the two authorities will establish a joint working group to boost cooperation in several areas including facilitation provided to investors, conducting economic studies of the market, building partnerships with commercial and industrial bodies and local companies, launching businesses, promoting the ease of doing business, providing logistic support, participating in local and international exhibitions, forums and special visits and exchanging knowledge and information.

All this will predominantly be in aid of attracting local and foreign investors. 

“SAGIA believes in the importance of such cooperation that can unify and multiply the efforts in a way that sets the world’s attention on the Kingdom’s cultural and heritage treasures and investment opportunities,” said SAGIA Gov. Ibrahim Al-Omar.

“This is done through close cooperation with DGDA to highlight these opportunities and market them internationally and locally. This MoU is a step in the right direction to achieve the objectives and directives of both bodies.”

Jerry Inzerillo, CEO of the DGDA, said: “Cooperating with SAGIA is one of the most important international investment motors to attract local and international investments to the Kingdom. This comes at a time where developing the Kingdom’s investment infrastructure is found within the objectives of its Vision 2030.

“At DGDA, we aim at attracting the best technologies and regional and international investments to the Kingdom. This will contribute to the improvement of the local economy and promote our objectives seeking to turn Diriyah into the Kingdom’s gem and an international economic tourist destination,” he added.