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Ethiopia and the Kingdom of Saudi Arabia agreed to improve bilateral economic and investment ties


A announcement from the workplace of the advocate of the Ministry of Foreign Affairs disclosed that the delegates delineated from the 2 countries have united to spice up their economic and investment relations. Ethiopia and also the Kingdom of Asian country (KSA) united to spice up bilateral economic and investment ties.

The agreement between the 2 countries centered on economic partnership in agriculture, infrastructure development, energy, producing industries and trade.

The agreement is reportedly supported ascertaining edges for each countries and also the KSA officers had reaffirmed their commitment to support investment programs to be conducted by Saudi business persons.

The Ethiopian minister of finance Ahmed Shide had additionally mentioned with the Saudi Ministers of Agriculture, Environmental Protection and Water Resources.

Ahmed additionally conducted intensive discussions with the officers of Saudi Development Fund on varied sectors of economic development between the 2 countries.

The Kingdom of Asian country is Ethiopia's third trade partner and also the 2 countries established diplomatic relations in 1949.

Source : newzmart