Saudi Arabia Investors to Seek Investments in Cyprus

SourceAl Bawaba
CountrySaudi Arabia

Bilateral trade and investment between Saudi Arabia and the Republic of Cyprus is expected to bring “sizable benefits” to both countries, the Cyprus Ambassador to the Kingdom of Saudi Arabia said. Addressing the first investors’ conference since a visit to Cyprus by the Minister of Foreign Affairs Prince Faisal Bin Farhan Al Saud to promote a series of bilateral agreements, Cyprus Ambassador Stravos Avgoustides described the “growing strength” of Cyprus-Saudi Arabia relations. “It is not just business partnerships we are hoping to build here but long-lasting inter-personal relationships between two peoples and cultures,” said the Ambassador. “Significant potential exists to produce sizable benefits for both societies and both governments are keen to move from potential to progress.

Cyprus and Saudi Arabia will benefit from closer and stronger trade and a foreign direct investment more...