Saudi Arabia, Djibouti Sign Landmark Agreement to Boost Investment Cooperation
Saudi Arabia and Djibouti have signed an agreement to promote and safeguard mutual investments. This agreement marks a major step in strengthening economic cooperation between both nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary of Investment Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, which was under the patronage of Saudi Crown Prince Mohammed bin Salman.
Promoting Private and Government Sector Collaboration
Both officials praised the agreement’s significance in fostering closer collaboration between both countries’ private and government sectors. They emphasized that the agreement will support Saudi Arabia and Djibouti’s ambitious investment goals.
Key Advantages of the Agreement
The agreement creates a secure and attractive investment environment. It ensures key advantages, including investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for resolving disputes.
The agreement offers these safeguards to increase the volume of mutual investments. It will enhance economic ties between Saudi Arabia and Djibouti, fostering growth in multiple sectors.
