The representatives of the Ethiopian business community are anticipated to visit Saudi Arabia next week and explore opportunities in order to strengthen economic relations between the two countries.
Ethiopian Ambassador to Saudi Arabia, Muktar Kedir conferred with Vice Minister of Foreign Affairs Vice Minister of Foreign Affairs of Saudi, Engeener Waleed El-Khereiji.
Accordingly, the two sides discussed bilateral relations Between Ethiopia and Saudi Arabia as well as regional affairs.
In particular, they thoroughly reviewed the implementation of the first Ethio-Saudi Political Consultations held in Riyadh from 1st to 5th December 2024.
The first round of political consultations between the two countries was led and consultations focused on ways to enhance cooperation in various fields such as developments as well as regional and international issues.
In the two-day discussion, Ambassador Muktar and the Vice Minister of Foreign Affairs discussed Ethiopia’s great investment climate for Foreign Direct Investment (FDI) and that more Saudi investors are eagerly eying this opportunity.
The Saudi Arabia side also stressed the need to pay attention to and sign the Agreement on the Protection and Promotion of Investment.
Ambassador DMukhtar, for his part, stated that he had constructive discussions with the leaders of the Saudi Business Council to facilitate investment and trade relations between the two countries and discussed other prerequisites.
He added that representatives of the Ethiopian business community will be in Saudi Arabia next week to hold discussions, according to the Ethiopian Embassy in Riyadh.
Source: FMC
