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Bilateral relations between UAE and Saudi develop

A delegation from the Department of Economic Development at the Ministry of Economy in Abu Dhabi, and the Khalifa Fund to Support and Develop Small and Medium Enterprises, has begun a visit to Riyadh in an effort to strengthen trade exchange between the two countries and promote the UAE’s attractive investment environment.

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During the visit, the delegation is set to meet a group of senior government officials, and heads of major Saudi companies to discuss ways to develop bilateral relations and review investment aspects that cater common interests.

The delegation will brief the Saudi side on a wide range of commercial and investment opportunities in the UAE, including through a seminar being organised by the Ministry of Economy on doing business in the UAE.

The seminar, being held tomorrow at the Four Points Sheraton Hotel in the Saudi capital, will include the signing of a partnership contract between Naif Saleh Alrajhi Investment Company in Saudi Arabia and the UAE’s Union Properties.

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Mohammed Nasser Al Zaabi, Director of Trade Promotion and Investment Department at the Ministry of Economy, said the visit is aimed at informing the Saudi side on the easiness of doing business in the UAE and the range of investment opportunities available in the country. It is also aimed at seeking Saudi partnerships in various sectors, which he said, would enhance trade exchanges between the two countries and increase the number of mutual investment projects.

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