Equatorial Guinea, Saudi Arabia Will Strengthen Relations with Economic Forum in Jeddah
Malabo – The governments of Equatorial Guinea and the Kingdom of Saudi Arabia will gather in Jeddah, Saudi Arabia, on May 10, 2017 for the first ever Equatorial Guinea-Saudi Arabia Economic Forum. H.E. President Teodoro Obiang Nguema Mbasogo will travel to Jeddah with a government delegation of key cabinet members to meet His Majesty King Salman bin Abdulaziz Al Saud to discuss joint areas of cooperation. The economic forum seeks to identify investment opportunities and bolster trade ties between the two nations in core economic sectors such as mining, hydrocarbons, agriculture and fisheries.
The Equatorial Guinea-Saudi Arabia Economic Forum capitalizes on the success of the Fourth Arab-Africa Summit, which was organized by the African Union and held in Sipopo, Equatorial Guinea in November 2016 under the patronage of H.E. the President. The summit attracted heads of state and political leaders from the African continent and Middle East. As proud host of the Arab-Africa Summit, Equatorial Guinea has been successfully strengthening ties with the Arab world. In October 2016, it signed a memorandum of understanding with the Government of Kuwait regulating bilateral relations between the two countries.
The forum is organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea, with the participation of Centurion Law Group and Africa Oil & Power. H.E. the President will make the opening speech at the forum in Jeddah. He will be introduced by former Benin President Thomas Boni Yayi, who has served as an important ambassador of relations between Equatorial Guinea and Saudi Arabia. H.E. Agapito Mba Mokuy, Minister of Foreign Affairs and Cooperation, will speak on Africa-Arab cooperation. H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will present the key projects taking place in the petroleum and mining sectors. Also making presentations will be Mrs. Mariola Bindang Obiang, General Director of Holding GE 2020, a government agency charged with financing diverse projects and complementing and facilitating the Horizon 2020 economic diversification plan.
“There is already a strong foundation for a great relationship between Equatorial Guinea and the Saudi Arabia, one that is grounded in mutual respect and admiration,” said H.E. Gabriel Mbaga Obiang Lima. “We look forward to building on that foundation and fostering even better ties through new trade and investment opportunities.”
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