Saudi Arabian Finance Minister: Our Investments In Iran Can Be Realized Quickly

Saudi Arabian Finance Minister Mohammed al-Cedan spoke at the International Financial Industry Forum organized by the Saudi Arabian Public Investment Fund.

Stating that there is an opportunity for Saudi Arabian investments in Iran, Cedan said he sees no problem in initiating these investments.

Underlining his commitment to the agreement with Tehran, Cedan noted that the Saudi Arabian authorities signed this agreement as part of the steps to stabilize the region, meet the needs of the peoples and ensure investment and prosperity.

WE NEED STABILITY

Noting that his country’s investments in Iran could be made quickly after the Tehran-Riyadh deal, the Saudi Arabian minister continued his words as follows:

“Iran is a neighboring country and will remain so for hundreds of years. I do not see obstacles to normalizing relations with Iran, especially in the areas of investment, development and economy. We and Iran need stability.”

IRAN-SAUDI ARABIA RELATIONS

On January 2, 2016, 47 people, including Shiite cleric Nimr al-Nimr, were executed in Saudi Arabia on “terrorism” charges. Following statements by the Iranian authorities reacting to the executions, the Saudi Arabian Embassy in Tehran and consulate buildings in the city of Mashhad were set on fire by protesters in Iran.

Diplomatic relations between the two countries, already strained by the Yemen crisis that began in March 2015, were completely severed. Iranian and Saudi Arabian officials met in Baghdad in April 2021 for direct talks, and talks mediated by Iraq continued thereafter.

Riyadh and Tehran agreed to the resumption of diplomatic relations on March 10, through the Chinese authorities, in Beijing after 7 years. (AA)