Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan addresses the Riyadh conference. (Asharq Al-Awsat)
Saudi Minister of Finance Mohammed Al-Jadaan addresses the Riyadh conference. (Asharq Al-Awsat)
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Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan addresses the Riyadh conference. (Asharq Al-Awsat)
Saudi Minister of Finance Mohammed Al-Jadaan addresses the Riyadh conference. (Asharq Al-Awsat)

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations.

“There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition of the Financial Sector Conference in Riyadh.

“I don’t see impediments as long as the terms of the agreement are respected,” he added.

“Our goal has been clarified: for the region to be stable and capable of providing the needs of the people in terms of stability and prosperity,” he stressed.



EU Gulf Envoy: Saudi Arabia Is a Crucial Global Player

Crown Prince Mohammed bin Salman receiving European Council President Charles Michel on Tuesday (SPA)
Crown Prince Mohammed bin Salman receiving European Council President Charles Michel on Tuesday (SPA)
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EU Gulf Envoy: Saudi Arabia Is a Crucial Global Player

Crown Prince Mohammed bin Salman receiving European Council President Charles Michel on Tuesday (SPA)
Crown Prince Mohammed bin Salman receiving European Council President Charles Michel on Tuesday (SPA)

Luigi Di Maio, the EU Special Representative for the Gulf region, told Asharq Al-Awsat that the recent visit by the President of the European Council to Saudi Arabia was to prepare for the upcoming EU-Gulf Cooperation Council (GCC) summit in Brussels on October 16.

This will be the first summit between the two regional organizations, with leaders from both sides attending, marking a significant step in their cooperation.

Di Maio stressed the importance of strong ties between leaders, noting that European Council President Charles Michel has been dedicated to strengthening these relations since his first visit to the Gulf two years ago, when he met with Saudi Crown Prince Mohammed bin Salman in Jeddah.

He added that since 2022, EU-Gulf relations have improved, with a focus on cooperation in areas like climate change, trade, investment, digitization, and sustainable supply chains.

Di Maio emphasized the need for ongoing dialogue to build mutual understanding and deepen these relations.

He highlighted Saudi Arabia’s key role in global affairs, especially in seeking solutions for the Gaza conflict, reducing tensions in the Middle East, and pursuing a just peace in Ukraine.

He stressed that closer cooperation between the EU and Saudi Arabia is essential in tackling these issues.

Di Maio praised Thursday’s preparatory meeting in Riyadh between GCC Secretary-General Jasem Al-Budaiwi and Michel, calling it “timely and constructive” for the upcoming summit.

He emphasized both sides’ commitment to making the summit a success, noting that it will “send a strong signal about elevating EU-Gulf relations to a strategic level.”

Di Maio outlined the key topics for discussion at the summit in Brussels, including climate action, the green transition, digital advancements, trade, investments, and visa exemptions.

He added that the summit will also address major geopolitical challenges, particularly in the Middle East and the ongoing conflict in Ukraine.