Saudi, African Economic Conference, 2 billion riyals contracts.


by: TN Media News Riyadh:
Saudi Energy Minister Prince Abdulaziz bin Salman has said that Saudi Arabia signed 5 memorandums of understanding with Ethiopia, Senegal, Chad, Nigeria and Rwanda. According to the Saudi news agency “SPA”, the Saudis and African Economic Conference held in Riyadh on Thursday signed memorandums regarding cooperation in various energy sectors.

On the other hand, Saudi Minister of Industry and Minerals Bandar Al Kharif signed an agreement on technology cooperation in the field of mining with his Chadian counterpart. Saudi Finance Minister Muhammad Al-Jadaan said that agreements worth more than two billion riyals were signed on the occasion of the Riyadh Economic Conference.

Addressing the opening session of the conference, Al-Jadaan said that our world is going through a period of economic changes these days. Many new opportunities are emerging in new economic sectors due to modern technology. This opens new doors for joint development and economic cooperation between Saudi Arabia and African countries.

Al-Jadaan pointed out that Saudi Arabia has started a program to facilitate business in the services sector with African countries.The Saudi Development Fund is playing a long-term partnership role with Africa. The fund has funded more than 400 projects across the African continent. These include roads, dams, hospitals and schools.

Saudi Minister of Environment, Water and Agriculture Abdul Rahman Al-Fazli has said that Saudi Arabia can produce up to 700,000 tons of fish per year. In this regard, Saudi Arabia is in a position to increase the export of fish. The Minister of Environment further said that Saudi Arabia has the capacity to produce large quantities of foodstuffs.


TN Media News