Saudi private sector closes $15bn deals with South African

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The Saudi private sector has closed deals worth $15 billion during the South African president’s visit to the Kingdom, said Bandar Alkhorayef, minister of industry and mineral resources.

Talking to Arab News on the sidelines of the Saudi-South African Investment Forum held in Jeddah, the minister said the two countries also signed 17 deals to boost cooperation in different economic sectors.

“We have (signed) 17 agreements that vary from different sectors, and they will (lay) the foundation to help the private sector to invest and take advantage of both (countries),” he said. agreements target sectors including health.—Arab News

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