(MENAFN- Saudi Press Agency) Riyadh, March 02, 2023, SPA -- The Kingdom of Saudi Arabia, represented by the Minister of Economy and Planning, Faisal bin Fadhil Alibrahim has signed an agreement with the Republic of Bulgaria to establish a joint committee during an official visit to Sofia, capital of Bulgaria.
Faisal bin Fadhil Alibrahim signed the agreement with the Bulgarian Minister of Economy and Industry, Nikola Stoyanov. This agreement establishes a joint committee to implement the General Agreement on Cooperation between the Kingdom and the Republic of Bulgaria.
The joint committee will develop and strengthen bilateral economic relations between both countries and identify new development opportunities in economic fields.
The Saudi Minister of Economy and Planning held many high-level meetings during his visit. He was received by the Deputy Prime Minister for Economic Policies and Minister of Transport and Communications, Hristo Aleksiev, and Bulgarian Minister of Innovation and Growth, Alexander Pulev. They discussed areas of bilateral economic cooperation, investment opportunities, topics of common interest and recent developments.
The Kingdom of Saudi Arabia enjoys strong economic relations with the Republic of Bulgaria. Earlier this month, the country's cabinet voiced its official support for Saudi Arabia's candidacy to host the World Expo 2030 in Riyadh.
--SPA
16:30 LOCAL TIME 13:30 GMT
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