Caribbean High Priority for Investment says Saudi Arabia

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THE Caribbean is a high-priority economic investment opportunity for Saudi Arabia.

This according to Saudi Minister of Investment Khalid Al-Falih when he met with CARICOM leaders in Riyadh on Thursday.

A post on the Office of the Prime Minister Facebook page, stated that Prime Minister Dr Keith Rowley,along with other regional leaders, met with His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia at the inaugural CARICOM-Saudi Arabia Summit on Thursday in Riyadh, Kingdom of Saudi Arabia.

It stated, “Saudi Minister of State for Foreign Affairs, Adel al-Jubeir met with CARICOM heads at the Forty-Third Regular Meeting of the Conference of Heads of Government in July 2022 and proposed initiatives to deepen ties between the region and the Kingdom of Saudi Arabia. Today’s engagement is a result of those efforts.

“The high-level meeting builds on the strategic alliance between the Caribbean nations and Saudi Arabia and signals a commitment by all parties to the continued development of an enduring relationship.

“Earlier today, the Saudi Minister of Investment Khalid Al-Falih, hosted leaders to an investment roundtable meeting which provided an opportunity for discussions with leading Saudi private sector entities.”

Saudia Arabia/CARICOM Summit

The post stated, “Minister Al-Falih highlighted the Caribbean as a high-priority economic investment opportunity for the Kingdom of Saudi Arabia. Agriculture and food security, renewable energy, climate change, finance and tourism were among the areas identified for collaborative attention.”

Several high-profile Saudi private sector companies were present at the roundtable forum including the Public Investment Fund, Aramco, Saudi National Bank, SABIC and the Saudi Fund for Development.

Dr Rowley also held bilateral discussions today with Minister of Energy Prince Abdulaziz bin Salman which focussed on opportunities for both countries to work together to create energy security for the region, the post stated.


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