Riyadh: The 10th session of the Saudi-South African Joint Committee concluded in Riyadh, emphasizing the robust bilateral relations between Saudi Arabia and South Africa. The meetings focused on strengthening cooperation across economic, developmental, and social sectors to serve mutual interests and foster sustainable development. Both delegations stressed the significance of sustained communication between government and private sectors to explore new avenues for investment and trade, along with reinforcing cultural and educational partnerships.
According to Bahrain News Agency, the session included presentations on investment opportunities, with the "Invest Saudi" initiative offering key incentives to South African investors. In contrast, the "InvestSA" initiative outlined promising sectors for Saudi investors, such as mining, agriculture, and energy. These initiatives aim to boost mutual investments and enhance economic integration.
The two nations agreed to launch initiatives in trade, investment, energy, mining, and infrastructure sectors. They also committed to enhancing agricultural and health cooperation, exchanging expertise in environment and logistics, and developing partnerships in maritime and air transport to facilitate the movement of goods and services.
Additionally, the agenda included plans to enhance cooperation in science, technology, sports, and culture, alongside technical and vocational training programs and expanding scholarships.
The session concluded with the signing of the minutes of the 10th session of the Joint Committee, encapsulating all proposed initiatives and agreements. Both delegations agreed to convene the 11th session in the Republic of South Africa, highlighting the importance of building on the session's outcomes and monitoring the implementation of agreements to strengthen future cooperation.