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Albania – Saudi Arabia, Joint Intergovernmental Commission for Economic Cooperation

TIRANA, March 23 /ATA/ Minister of Finance and Economy, Delina Ibrahimaj, was in Riyadh of the Kingdom of Saudi Arabia, where she signed the Protocol of the Joint Intergovernmental Commission for Economic Cooperation between the Kingdom of Saudi Arabia and Albania.

This Protocol capped the two-day visit of Ibrahimaj in Riyadh, where she held high-level meetings with the Minister of Investment Khalid Al Falih, the Executive Director of the Investment Fund Sultan Al-Marshad and the Chairman of the Chamber of Commerce and Industry Ajlan bin Abdul Aziz Al Ajlan.

“With the Saudi authorities we confirmed the strong will and interest to advance our excellent relations in all areas of mutual interest,” said Ibrahimaj.

“We invited Saudi investors to invest in strategic sectors, such as energy, hydrocarbons, infrastructure, tourism and agriculture, where Albania has great potentials,” said the minister.

Ibrahimaj also said that, “we agreed to launch procedures for drafting a bilateral treaty to protect and encourage investments between our countries, as the first step towards establishing a joint council to the benefit of business.”
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