Saudi Arabia, South Africa Hold Meeting to Discuss Qualitative Investments in Entrepreneurial Firms

Saudi Arabia, South Africa Hold Meeting to Discuss Qualitative Investments in Entrepreneurial Firms

A Saudi-South African roundtable meeting was held Sunday in the Saudi city of Jeddah.

The meeting aimed at promoting investment relations, bolstering efforts to develop economic ties and qualitative investments for entrepreneurial companies, and enabling the private sector to benefit from the opportunities available in the two countries.

South African President Cyril Ramaphosa, Saudi Minister of Investment Eng. Khalid al-Falih, Minister of Tourism Ahmad al-Khateeb, and Minister of Industry and Mineral Resources Bandar al-Khorayef, as well as South African Minister of Trade, Industry and Competition Ebrahim Patel attended the meeting.

The roundtable talks saw the participation of Saudi and South African entrepreneurship companies, the Federation of Saudi Chambers and representatives of the private sectors and companies from the two sides.

The agenda included presentations by Saudi and South African companies, opportunities to develop their businesses and means to address challenges they are facing in an attempt to enhance business and investments in the fields of energy, renewable energy, mining, agriculture, food, tourism, logistics, and ICT.

The meeting represents a step to support the outcomes of the Saudi-South African Investment Forum that was held Saturday and reviewed bilateral investment opportunities, with the participation of several officials from the two countries and representatives of the private sectors