The President of the Republic Mr.Nicos Christodoulides received this afternoon, at the Presidential Palace, the Minister of Investment of Saudi Arabia Mr. Khalid Al-Falih.
During the meeting, ways to further deepen and expand bilateral cooperation, which has been continuously strengthened since 2017 and onwards, were discussed.
President Christodoulides and the Saudi Minister of Investment further mentioned the importance of the signing today of the Memorandum of Cooperation between the Ministry of Investment of Saudi Arabia and the Ministry of Finance of the Republic of Cyprus.
The willingness of the two countries to cooperate in the fields of Shipping, Tourism, Information and Communications, Financial Services and Energy, among others, was also stressed.
It was also noted that both sides are willing to proceed with the completion of the remaining pending agreements in areas such as Tourism and Higher Education, and the mutual desire for the Governments of the two countries to establish a framework for cooperation, so that in addition to strengthening bilateral cooperation, the participation of the private sector of Cyprus and Saudi Arabia is encouraged.
In the context of the discussion, President Christodoulides and the Saudi Minister of Investment expressed satisfaction that direct flights between the two countries are expected to commence next month.
Finally, the President of the Republic extended an invitation to the Crown Prince of Saudi Arabia to visit our country.
(PM/MG)
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