Riyadh, November 28, 2024 – In a significant diplomatic and economic development, Ammar Nagadi, Vice Minister of Economy and Planning for the Kingdom of Saudi Arabia, recently held a productive meeting with Ismael Nabe, the Guinean Minister of Planning and International Cooperation. The meeting, which took place in Riyadh, focused on deepening bilateral ties between Saudi Arabia and Guinea, particularly in the areas of economic cooperation, trade, and investment.
During the meeting, both officials discussed a wide range of topics aimed at enhancing the economic relationship between the two nations. Ammar Nagadi expressed Saudi Arabia’s commitment to fostering stronger collaboration with Guinea, particularly in areas that align with the Kingdom’s Vision 2030 goals, such as diversifying trade partnerships and expanding investment opportunities.
Ismael Nabe, for his part, highlighted Guinea’s interest in leveraging Saudi Arabia's expertise and resources to enhance its own economic development. He emphasized the importance of mutual cooperation, particularly in sectors such as infrastructure, agriculture, energy, and mining, where both countries see significant potential for growth.
The discussions also centered on exploring new avenues for investment, with both sides expressing interest in facilitating greater business opportunities for private sector companies. Key to this collaboration is fostering an environment that encourages trade and the free flow of investments, which would benefit both economies and create new job opportunities in both countries.
In addition to trade and investment, the two ministers also exchanged views on broader areas of mutual interest, including regional cooperation, international development, and the enhancement of diplomatic ties between Saudi Arabia and Guinea. They expressed a shared vision for promoting sustainable development and fostering economic growth in their respective countries.
The meeting underscored the growing importance of South-South cooperation, particularly between the Kingdom of Saudi Arabia and African nations like Guinea, which are increasingly seen as valuable partners in the global economic landscape. By strengthening bilateral relations, both Saudi Arabia and Guinea are poised to unlock new potential for collaboration, which will contribute to the advancement of both countries’ long-term development goals.
This meeting follows a broader trend of Saudi Arabia expanding its global footprint, particularly in Africa, in line with its Vision 2030 strategy. Strengthening ties with Guinea represents a significant step toward building lasting and mutually beneficial relationships with key emerging markets across the African continent.
