To complete the meetings of the #Saudi_South_African_Investment_Forum in Pretoria, the President of the Republic of South Africa, His Excellency Mr. Cyril Ramaphosa, and a number of South African ministers and businessmen attended in Jeddah, Kingdom of Saudi Arabia to participate in the Saudi South African Investment Forum.
The meeting was opened by His Excellency the Minister of Investment, Mr. Khalid Al-Falih, and he welcomed the President of the Republic of South Africa, Mr. Cyril Ramaphosa, in the presence of their Excellencies and business leaders from both countries.
The #Saudi_South_African_Investment_Forum in Jeddah reviews the most prominent investment opportunities in various sectors, highlights the most important initiatives to support investors, in addition to discussing the various ways of partnership between the two countries.
In addition, a memorandum of understanding was also signed between Rasi Investment Group represented by Eng. Meshary Al-Ali (Chairman of the Board) and the South African MINTEK Laboratories Company represented by Dr. Molefi Motuku (CEO) to establish global metallurgical analysis laboratories in Saudi Arabia with an estimated value of 25 million riyals.
The agreement aims to:
- Strengthening investment relations between the two countries.
- Transferring expertise and knowledge to the Saudi market.
- Empowering the mining sector.
- Saudi training.
- Create an attractive environment for mining investment.
- Accelerate business related to the sector.