Electric Vehicle Infrastructure Co. to promote charging network under EVIQ brand name

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RIYADH: Saudi Arabia’s trade relations with Africa have strengthened, marked by the Kingdom’s investment ministry hosting a series of roundtable talks.  

Minister of Investment Khalid Al-Falih and Abdulrahman bin Abdulmohsen Al-Fadhli, the minister of environment, water and agriculture, held meetings with several heads of state on the sidelines of the inaugural Saudi-African Summit in Riyadh, according to the Saudi Press Agency.

Presidents from the Republics of Chad, Somalia, and Nigeria attended the talks along with representatives from both sides’ private sectors, the Saudi Press Agency reported.

The roundtable meetings addressed practices to improve investment relations between the countries and enhance efforts to develop economic ties, investments, and bilateral trade. Discussions also focused on devising strategies to stimulate quality investments and enable the private sector to benefit from business opportunities in both countries.

During Thursday’s Saudi-Arab-African Economic Conference, Al-Falih said: “We see economic potential in Africa that is unmatched… We want our investments to draw more investments, in order for that to happen we need to de-risk for the investor.”

He further stated that Saudi relations with the continent span hundreds of years and are rooted in a shared history, similar cultures, and geographical proximity.

“We consider ourselves an extension of the African continent. We share