Trade Agreement with Malaysia Includes the Promotion of Investment in Education, Small & Medium Enterprises and Health Care

27 Feb 2017
​Signed in the Presence of the Custodian of the Two Holy Mosques
Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud - may Allah protect him - and the Prime Minister of Malaysia, Mohammed Najib Abdul Razzak, four memorandums of understanding have been signed today at the Palace of the Malaysian Prime Minister in Kuala Lumpur, between the government of Saudi Arabia and Malaysia.
The first memorandum of understanding includes the cooperation in the field of trade and investment, signed from the Saudi side by H.E. the Minister of State, Cabinet member, Dr. Ibrahim bin Abdulaziz Al Assaf, and from the Malaysian side by the Minister of Commerce and Industry, Dato Seri Mustafa Mohamed.
The agreement provides for encouraging the private sector in both countries on investment, exchange of information & expertise, as well as exchange of visits among experts and specialists. The two parties   encourage the cooperation relevant to trade and investment, particularly in the areas of healthcare, education, building & construction, also in small and medium enterprises sector.
Meanwhile, the two parties urge the companies and those concerned in both countries to participate in the international and specialized exhibitions, targeting the trade and investment development, either between the two countries markets or at the other foreign countries, besides facilitating the trade exchange between the two countries, and overcoming any obstacles facing this issue.
Last Modified 26 Dec 2018