Iranian Ambassador to Saudi Arabia Alireza Enayati emphasized his country’s commitment to bolstering economic relations with the Kingdom, to revitalize trade and investment relations.
He made the remarks during a meeting with President of the Federation of Saudi Chambers Hassan Al-Huwaizi.
The Saudi Press Agency noted “the absence of trade exchanges between the two countries, despite the significant scale of their foreign trade.”
Saudi Arabia achieved foreign trade exceeding $601 billion in 2022, while Iran’s volume reached nearly $133 billion.
The officials placed considerable importance on seizing the current positive momentum and expeditiously implementing signed agreements, paving the way for a new phase in economic cooperation and to elevate the level of trade exchange given the existing opportunities.
The meeting resulted in a joint understanding to facilitate the re-exchange of trade delegations, promote trade exchanges, and elevate integration in targeted sectors. Additionally, it focused on capitalizing on substantial consumer markets and actively encouraging successful partnerships between business sectors.
The officials encouraged investors in their countries to capitalize on the opportunities and advantages of foreign investment.
