Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Minister of Investment Fahad Al-Saif have participated in the Saudi-Swiss Investment Roundtable Meeting in Jeddah, which was followed by the signing of an investment agreement between the two countries.
The meeting took place in the presence of Swiss President Guy Parmelin, with the participation of State Secretary for Economic Affairs Helene Budliger Artieda, along with a large number of officials and business leaders from both sides.
During the meeting, the conferees reviewed joint investment opportunities, discussed ways to strengthen economic cooperation between the two countries, and explored the development of partnerships in priority sectors in a manner that supports economic growth and enhances relations.
The meeting was held on the sidelines of the Swiss President’s official visit to the Kingdom, as the two countries mark 70 years of diplomatic relations that have, from the outset, helped lay the foundations of cooperation and build a partnership based on mutual respect and the development of shared interests between the two states.
After the meeting, an agreement was signed between the Saudi government and the Swiss Federal Council on the promotion and reciprocal protection of investments.
It was signed on the Saudi side by Al-Saif, and on the Swiss side by Parmelin.
The agreement aims to strengthen and stabilize the investment environment, protect investors’ rights, and support the flow of mutual investments between the two countries.
The meeting was attended by Saudi Ambassador to Switzerland and the Principality of Liechtenstein Abdulrahman Aldawood.
