Saudi Arabia’s Investment Minister, Khalid Al-Falih, visiting Argentina, held working meetings with the Argentine Foreign Minister, Santiago Cafiero, with whom he also inaugurated a business meeting between the two countries.
“The objective is to deepen the bilateral relationship and promote cooperation between the two countries,” said a statement from the Argentine Foreign Ministry to report on the meeting between the two ministers in Buenos Aires.
The meeting between Cafiero and Al-Falih, who arrived in the country with a large delegation of officials and businesses, focused on joint action on “food security and energy security” in order to expand trade and investment in those critical sectors.
The Argentine Foreign Ministry stressed that the meeting was scheduled to discuss the “support” of the Saudi Arabian Sovereign Fund for “various infrastructure projects” in the South American country and “productive investments.”
The Argentina-Saudi Arabia business meeting, in which some 20 companies and provincial authorities from the agri-food, energy and renewable energy, fertilizers, real estate, and new technologies sectors participate, has the purpose of “concretizing specific commercial agreements and advancing joint projects” for the benefit of both countries.
Within the framework of this visit, two bilateral agreements were also signed: one for cooperation in the promotion of direct investments and another for geological and scientific cooperation.
