Chairman of Federation of Saudi Chambers Receives Ethiopian State Minister for Foreign Affairs

Riyadh, December 03, 2024, SPA -- The Chairman of the Federation of Saudi Chambers, Hassan Moejeb Alhwaizy, met in Riyadh today with the Ethiopian State Minister for Foreign Affairs, Mesganu Arga Moach, and his accompanying delegation.
   Moach emphasized the Kingdom of Saudi Arabia's importance as a strategic partner and highlighted Ethiopia's commitment to attracting Saudi investment. He praised a recent visit by a Saudi business delegation as a "new chapter" in relations.
   The meeting focused on increasing and protecting Saudi investments in Ethiopia, including incentives for investors. Both sides reviewed the delegation's successful outcomes, including agreements on joint projects and a potential investment protection treaty.
   Abdullah Al-Ajmi, Chairman of the Saudi-Ethiopian Business Council, confirmed that Saudi businesses are ready to expand investments in Ethiopia and urged officials to address the remaining challenges.
   With bilateral trade at SAR1.3 billion, both countries see significant untapped potential for growth.
   -- SPA