Bulgaria and Saudi Arabia will sign an agreement on the promotion and mutual protection of investments. This transpired during a meeting between Bulgarian caretaker Minister of Economy and Industry Nikola Stoyanov and Saudi Arabian Minister of Investment Khalid Al-Falih, the Ministry of Economy and Industry said on Friday. Minister Stoyanov handed over to his Saudi counterpart the draft agreement which is to be examined next week by the Council of Ministers.
The document is a starting point for deepening the economic relations between Bulgaria and Saudi Arabia and for realizing the huge potential for cooperation in various fields between the two countries. The agreement reaffirms their commitment to creating better conditions and environment for new investments and projects, in strict compliance with the legal framework in this area. The aim of the document is to define an investment framework and investment management rules between the two countries that will provide greater certainty and predictability for companies.
/RY/
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