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GCC Says All Elements of Cooperation Available to Deepen Economic Ties with Georgia

Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi. GCC
Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi. GCC
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GCC Says All Elements of Cooperation Available to Deepen Economic Ties with Georgia

Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi. GCC
Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi. GCC

Gulf Cooperation Council Secretary General Jasem Mohamed Albudaiwi affirmed that all elements of cooperation are available to deepen the economic and trade relations between the GCC countries and Georgia, paving the way for the signing of a free-trade agreement between the two sides.

His remarks came during a meeting with Georgia’s Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili on the sidelines of the 4th Tbilisi Silk Road Forum, held on Thursday in Tbilisi.

The secretary general stated that during the meeting, ways to develop the economic and commercial relations between the GCC countries and Georgia were discussed.

Davitashvili pointed out the noticeable development in Georgian-GCC relations over the past two years, expressing his wishes for further progress in all fields.

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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.