Armenia and Saudi Arabia Explore Ways to Boost Economic Cooperation

Armenian Minister of Economy Gevorg Papoyan held a meeting with Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim, in Riyadh.

According to a press release from the ministry, the two ministers discussed possibilities for expanding economic cooperation in the fields of technology, energy, agriculture, and tourism, The Caspian Post reports citing Armenpress.

The Saudi minister expressed interest in signing a memorandum of cooperation and other documents aimed at developing trade and economic relations, with bilateral efforts to be undertaken toward their implementation.

Minister Gevorg Papoyan presented to his counterpart the TRIPP and Crossroads of Peace initiatives, as well as Armenia’s investment environment.