Saudi Arabia, Spain to Strengthen Cooperation and Diversify Economic Relations
The Saudi Ministry of Economy and Planning and the Spanish Ministry of Economy, Trade, and Business have signed a memorandum of understanding (MoU) to exchange expertise and enhance economic relations between the two countries.
The MoU was signed on Wednesday by Saudi Minister of Economy and Planning Faisal Alibrahim and Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero in Riyadh.
The deal outlines areas of cooperation including the coordination of efforts in economic modeling and policymaking, supporting small and medium-sized enterprises (SMEs) through joint partnerships and programs, and facilitating joint projects and bilateral participation in economic events.
It also covers the exchange of information and statistics in areas such as industry, technology, and innovation, in alignment with the goals of sustainable development and Saudi Vision 2030.
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