Faizel Patel, Radio Islam News – 22-02-2019
The Agriculture, Forestry and Fisheries department has met with the Kingdom of Saudi Arabia’s Minister of Environment Water and Agriculture to discuss bilateral agreements and investments between the two countries.
Minister Senzeni Zokwana met with his counterpart Abdulrahman Al-Fadley in Pretoria on Friday.
The ministry says South Africa and Saudi Arabia discussed the possibilities of signing a number memorandum of understanding’s (MOU) in agriculture, fisheries and aquaculture.
Spokesperson Mkhululi Mankazana says the meeting between the two minister’s stems from the visit by President Cyril Ramaphosa to Saudi Arabia last year where it was committed that the kingdom will invest a minimum of $10 billion in South Africa.
“Both ministers were happy with the progress that was made in terms of analyzing the MOU’s. In as far as the issue of investments are concerned, the Saudi delegation expressed interest in a number of areas where they were looking for potential areas to invest.”
Earlier this year Saudi Arabia agreed to build an oil refinery and a petrochemical plant in South Africa as part of the $10 Billion investment in the country.
0 Comments