The focus during the go to be more on increasing cooperation in varied fields along with defence, protection, digital economy: Shoura member The extent of change between the two countries yearly is predicted at more than $3.5 billion.
Crown Prince Mohammed bin Salman is scheduled to meet King Felipe VI in Madrid during his legitimate visit to Spain.
The crown prince’s stopover follows a -day official go to France and an excursion lasting numerous weeks in the US. He started his modern foreign trip — to sell the kingdom as a growing investment hub in step with Saudi vision 2030 — in Egypt, earlier than touring to Britain for some other legitimate go to.
Mohammed Al-Khunaizi, a Shoura Council member, instructed Arab news: “The visit assumes wonderful importance as the two nation’s proportion cordial members of the family and the kingdom is seeking out key partners in keeping with the countrywide Transformation software and vision 2030.”
“The focus for the duration of the go to be extra on expanding cooperation in various fields together with protection, safety, digital economic system, renewable energy and the investment sector,” he stated.
Majed bin Abdullah Al-Hedayan, a Riyadh-based totally analyst and prison adviser, instructed Arab information: “The visit of the crown prince is aimed at selling a brand new strategic partnership between the two international locations.”
“It’ll be supportive of cooperation in future investments inside the expertise financial system and renewable strength consistent with imaginative and prescient 2030,” he stated.
the dominion and Spain have shared commonplace techniques towards many international and nearby problems, appreciably the peace process in the middle East wherein the two sides have played a great role: Spain through the Madrid Peace conference (1991) and Saudi Arabia through the Arab Peace Initiative proposed by King Salman (crown prince on the time), which later developed into an initiative adopted by means of the Arab League Summit in Beirut in 2002.
King Felipe VI visited Riyadh in January 2017, and even as speak me on the Riyadh Chamber of commerce and industry he stated that bilateral family members between the 2 international locations rested on long-standing historic and cultural ties. The dominion and Spain are close enterprise allies.
The extent of exchange between the 2 countries yearly is expected at more than $3.5 billion, with a focus on commodities which includes chemical compounds, metal products, medical elements and wooden products.
Saudi Arabia is reportedly Spain’s third biggest Arab accomplice and ranked 12th amongst exporter countries to Spain from outside the ecu.
The international locations also percentage near cultural ties. Roads of Arabia, the best exhibition of Saudi archaeological masterpieces which highlights the kingdom’s cultural history the world over, started out in 2010 at the Louver Museum in Paris, then moved to Barcelona.
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