The Republic of Bulgaria and the Kingdom of Saudi Arabia will partner to promote investment between the two countries. This was underscored during a meeting between the Minister of Economy and Industry Nikola Stoyanov and H.E. Khalid Bin Kamal Faqih, Ambassador of the Arab State to Bulgaria. During the discussion, the two sides discussed a future agreement on the promotion and mutual protection of investments, which will create a basis for attracting more Saudi investments in our country.
The trade and economic relations between the two countries have traditionally been good and Bulgaria attaches importance to the opportunities for their development. “Our country wishes to actively develop its economic relations with the Kingdom of Saudi Arabia,” Minister Nikola Stoyanov stressed and presented areas where Bulgarian companies have the potential to increase their exports to the Arab country.
During the meeting, Minister Stoyanov and H.E. Khalid Bin Kamal Faqih, discussed the organization of the upcoming Bulgarian-Saudi Intergovernmental Joint Commission for Economic Cooperation, as well as the intensification of contacts at the company level, the organization of business delegations and participation in fairs and exhibitions in both countries.
Minister Stoyanov congratulated H.E Khalid Bin Kamal Faqih for the candidacy, for Riyadh’s hosting of the World Expo 2030 and wished him success.