PRESIDENT RAMAPHOSA IN SAUDI ARABIA FOR STATE VISIT

JEDDAH– President Cyril Ramaphosa has arrived in Jeddah for a State visit to Saudi Arabia which began with a meeting with King Salman bin Abdulaziz al Saud here Thursday.

President Ramaphosa arrived in Jeddah Wednesday from Abuja after concluding his State visit to Nigeria. His visit to the kingdom which will present an opportunity for South Africa to increase co-operation with Saudi Arabia, according to the Presidency.

The purpose of the State Visit to the Kingdom of Saudi Arabia is to assess the status of bilateral relations, whilst focusing primarily on strengthening economic linkages between South Africa and Saudi Arabia, particularly in terms of increasing inward investment and diversifying the trade relationship, the Presidency said Thursday.

South Africa currently imports approximately 47 per cent of its oil from the kingdom and regards it as a strategic partner in the Middle East. The country is also a large investor in South Africa, especially in the area of renewable energy.

Bilateral last year amounted to just over 55 billion Rand (about 4.1 billion US dollars). In order to further strengthen trade, investment and economic ties, including business-to-business co-operation, a substantive business delegation is accompanying President Ramaphosa on the visit.

President Ramaphosa is also accompanied by his Ministers of International Relations and Co-operation; Defence and Military Veterans; Energy; and Police and the Deputy Minister of Trade and Industry.

Source: NAM NEWS NETWORK

PRESIDENT RAMAPHOSA IN SAUDI ARABIA FOR STATE VISIT

JEDDAH– President Cyril Ramaphosa has arrived in Jeddah for a State visit to Saudi Arabia which began with a meeting with King Salman bin Abdulaziz al Saud here Thursday.

President Ramaphosa arrived in Jeddah Wednesday from Abuja after concluding his State visit to Nigeria. His visit to the kingdom which will present an opportunity for South Africa to increase co-operation with Saudi Arabia, according to the Presidency.

The purpose of the State Visit to the Kingdom of Saudi Arabia is to assess the status of bilateral relations, whilst focusing primarily on strengthening economic linkages between South Africa and Saudi Arabia, particularly in terms of increasing inward investment and diversifying the trade relationship, the Presidency said Thursday.

South Africa currently imports approximately 47 per cent of its oil from the kingdom and regards it as a strategic partner in the Middle East. The country is also a large investor in South Africa, especially in the area of renewable energy.

Bilateral last year amounted to just over 55 billion Rand (about 4.1 billion US dollars). In order to further strengthen trade, investment and economic ties, including business-to-business co-operation, a substantive business delegation is accompanying President Ramaphosa on the visit.

President Ramaphosa is also accompanied by his Ministers of International Relations and Co-operation; Defence and Military Veterans; Energy; and Police and the Deputy Minister of Trade and Industry.

Source: NAM NEWS NETWORK