UAE, Saudi Arabia to form teams to discuss economic partnerships
Monday, 10 26 2020, Category: Economy, Country: Saudi Arabia
Saudi Arabia and the United Arab Emirates (UAE) are set to form work teams to discuss cooperation and economic partnerships between the two countries, said Abdulla bin Touq Al Marri, the UAE Minister of Economy.
The decision came during a virtual meeting between Al Marri and Saudi Minister of Finance Mohammed Al-Jadaan, Saudi Minister Commerce and Investment, Majid Al Qasabi, Minister of State for Entrepreneurship and Small and Medium Enterprises Ahmed Belhoul Al Falasi, and Minister of State for Foreign Trade Thani bin Ahmed Al-Zeyoudi.
The meeting addressed means of cooperation between the UAE and Saudi Arabia in economic, commercial and investment fields over the coming period, highlighting the strategic role of the Saudi-Emirati Coordination Council.
The meeting also looked at ways to enhance the existing strategic partnership between the two countries via increasing and diversifying trade exchange, facilitating the movement of goods and products between the UAE and Saudi Arabia, developing GCC trade ties with global markets, enhancing communication at the private sector level to establish successful commercial activities and bilateral investment partnerships, bolstering cooperation in fields of innovation, technology, entrepreneurship and support of startups, as well as the sectors of civil aviation and food security, and the opportunities provided by the Dubai Expo that will start next year.