Saudi Crown Prince leaves for UAE to offer condolences on Sheikh Khalifa’s death
Based on the directive of the Custodian of the Two Holy Mosques, His Highness the Saudi Crown Prince is leaving for the UAE to offer condolences and sympathy on the death of His Highness Sheikh Khalifa bin Zayed Al Nahyan.
Saudi Arabia and UAE always have had very historical and friendly relations. It witnessed a remarkable development in the political, military, and economic fields due to their vision, common goals, and their leadership of the Arab coalition countries in the war on the north of the Republic of Yemen following the political coup led by Abdul Malik Badr al-Din al-Houthi. , the leader of the Ansar Allah movement.
In May 2014, a joint higher committee was established headed by the foreign ministers of the two countries, and in the same month of 2016 an agreement was signed to establish a coordination council to consult on matters of common interest, and the council meets periodically and alternately between the two countries.
In June 2018, Saudi Arabia and the UAE launched the “Strategy of Resolve”, which includes a common vision for economic, development, and military integration between the two countries through 44 joint strategic projects. 350 officials from both countries worked on it from 139 government, sovereign and military agencies.
The economic relationship between Saudi Arabia and the Emirates is the largest among the GCC countries. The UAE is one of the Kingdom’s most important trading partners in the Arab region in general and the GCC countries in particular.
The volume of trade exchange between the two brotherly countries amounted to about 72 billion Saudi riyals in 2018, and the UAE tops the list of Gulf countries exporting to Saudi Arabia.
The Kingdom’s investments in the UAE exceed 35 billion dirhams.
Currently, there are 2,366 Saudi companies registered with the Ministry of Economy and 66 commercial agencies working in the UAE.
The number of Saudi projects in the UAE is 206, while the number of joint Emirati projects in the Kingdom is 114 industrial and service projects with a capital of SAR 15 billion.
