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FinancialNews


  • 20-01-19

    UAE, KSA launch 7 strategic projects

    (MENAFN) Saudi Arabia and the UAE declared the launch of seven joint strategic plans related to various areas, including aviation, tourism, customs, security, entrepreneurship, services and financial markets.

    According to WAM, several ministers at the Executive Committee of the Saudi-Emirati Coordination Council praised the planned initiatives, saying it indicates the strong and close ties between both sides.

    Minister of Economy Sultan bin Saeed Al Mansouri stated: "the UAE and the Kingdom of Saudi Arabia are two major economic powers, with their economies valued at more than $1.2 trillion."

    Al Mansouri added: "the two countries are launching the largest urban and tourism developments in the Arab region and their cooperation is resulting in unlocking a considerable investment value, producing more than 25 projects in a number of essential sectors, and tapping myriad job opportunities, not only for their nationals, but for all Arab youth as well."

    MENAFN2001201900450000ID1097998202

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