Saudi Embassy Chargé d’Affaires Walid Bukhari said that economic cooperation between the Kingdom and Lebanon would soon witness important developments that would restore the “golden age” of bilateral relations.
The Saudi-Lebanese High Joint Committee is expected to convene in June to discuss 27 draft agreements that set formal frameworks for cooperation in most areas, including economy, transport, customs, culture, education, sports, and defense.
Bukhari said that discussing these agreements would constitute a qualitative shift in the official structure of relations and would be accompanied by visits at the ministerial and private sector levels.
The Saudi official was speaking during a meeting on Thursday at the embassy with an extended delegation from the Lebanese-Saudi Business Council, in the presence of the trade attaché at the embassy, Salim Al-Shahrani, the Consul General Sultan Al-Subaie, the Deputy Head of Mission Majid Mana Aba Al-Ola and the Economic Advisor Marwan Al-Saleh.
“This meeting comes at a time when the Saudi economy is entering a positive stage with the implementation of the Saudi Vision 2030. The aim is to diversify the economy, enhance the role of the private sector and launch a new phase of sustainable development, which will be full of opportunities for Lebanese and Saudi investors alike,” Bukhari said, noting that businessmen would be required to pursue efforts to strengthen these relations, particularly through the Lebanese-Saudi Business Council.
The Saudi official underlined the embassy’s readiness to take all steps that would help the private sector and the business council and provide facilities that promote trade, investment and tourism exchange between the two countries, stressing the Kingdom’s determination to remain at equal distance from all the Lebanese parties, and its keenness on the country’s sovereignty, political and security stability and economic prosperity.
