Economy Minister: Tehran-Riyadh Ties Benefit Regional Countries

Date: 13 May 2023 - 23:14

News ID: ۱۱۵۰۱۶

TEHRAN – Iranian Minister of Economic Affairs and Finance Seyed Ehsan Khandouzi has said that the development of economic relations between Iran and Saudi Arabia is a ‘win-win’ scenario and is in the interest of the countries of the region.
Khandouzi, who has traveled to Jeddah in Saudi Arabia to take part in the annual summit of the Islamic Development Bank (IDB), emphasized that the policy adopted in the administration of President Ebrahim Raisi is based on strengthening amicable ties with neighboring states.
We expect that the two neighbors would witness evermore rise in economic interactions, trade and investment, he added.
He said that the development of economic ties between Iran and Saudi Arabia is a win-win scenario which will be in the interest of not only the two countries but also other countries of the region.
Heading a high-ranking trade and economic delegation, Khandouzi arrived in Jeddah on Thursday to discuss bilateral ties and issues of mutual interest.
This is the first visit of a high-ranking Iranian official to Saudi Arabia since Tehran and Riyadh resumed their ties after seven years of hiatus.