The partnership between Saudi Arabia and Georgia has been notably enhanced following the signing of four pivotal agreements. These accords, inked at a business forum in Tbilisi, are set to propel advancements in industry, energy, and cultural sectors.
Convened during the Georgian-Saudi Investment Forum on a recent Thursday, the agreements are tailored to foster the development and investment in water and solar energy initiatives. Additionally, they seek to augment the training and expertise in various cultural fields.
The forum witnessed the presence of distinguished figures such as Saudi Investment Minister Khalid Al-Falih and Georgia’s Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, alongside delegates and private sector representatives from both nations, as reported by the Saudi Press Agency.
Key topics of discussion encompassed funding prospects, strengthening Tbilisi-Riyadh relationships, and amplifying the economic and investment bonds between Saudi Arabia and Georgia.
Forum participants underscored the importance of promoting high-quality investments and empowering the private sector to leverage opportunities within the two countries.
In his address, Al-Falih highlighted Georgia’s solid economic foundation and numerous competitive edges, which offer investment opportunities across diverse sectors including transportation, logistics, agriculture, tourism, culture, and renewable energy.
Al-Falih pointed out the shared strategic objective between the nations in the transportation and logistics domain, aiming to forge a link between Asia and Europe.
Reiterating the Kingdom’s ambitions, Al-Falih affirmed Saudi Arabia’s goal to bolster global economic linkages and to handle an upward of 40,000 containers annually by the year 2030, as part of the National Strategy for Transportation and Logistics.