MOU signed dur­ing the third ses­sion of the Mal­tese-Saudi Joint Com­mis­sion

The Malta Business Weekly - - FRONT PAGE -

The third ses­sion of the Joint Com­mis­sion be­tween the Gov­ern­ment of the King­dom of Saudi Ara­bia and the Mal­tese Gov­ern­ment was held with the aim of en­hanc­ing bi­lat­eral re­la­tions and co­op­er­a­tion be­tween the two countries.

The Saudi delegation was headed by Dr Adel bin Si­raj Mir­dad, Deputy Min­is­ter for Po­lit­i­cal and Eco­nomic Af­fairs, Min­istry of For­eign Af­fairs, King­dom of Saudi Ara­bia, and the Mal­tese delegation was headed by the Min­is­ter for the Econ­omy, In­vest­ment and Small Busi­nesses Dr Chris Car­dona. Other rep­re­sen­ta­tives of min­istries and con­cerned gov­ern­ment bod­ies of both countries par­tic­i­pated in the ses­sion.

Both sides re­viewed the Na­tional Trans­for­ma­tion Pro­gramme 2020 and 2030 Vi­sion of the King­dom of Saudi Ara­bia. The Mal­tese side praised the goals of the 2030 Vi­sion that aims to di­ver­sify the econ­omy, open up to for­eign in­vest­ment, en­hance pub­lic ser­vices, ra­tio­nalise ex­pen­di­ture and pro­mote small and medium en­ter­prises.

To this end, the Saudi side looked for­ward to en­gag­ing Mal­tese pri­vate sec­tor and busi­ness peo­ple in the ex­e­cu­tion of its var­i­ous projects and pro­grammes.

Both heads of delegation con­veyed their gov­ern­ment’s de­sire to fos­ter their bi­lat­eral re­la­tions in trade and in­vest­ment, seek ways to en­hance co­op­er­a­tion in var­i­ous fields and seize ev­ery op­por­tu­nity avail­able for eco­nomic, cultural and tech­ni­cal co­op­er­a­tion. Dur­ing the ses­sion, the Joint Com­mis­sion dis­cussed top­ics cov­ered in the agenda such as trade and in­vest­ment, health, en­vi­ron­ment, wa­ter and agri­cul­ture, ed­u­ca­tion as well as trans­porta­tion and tourism. In ad­di­tion, they re­viewed the last eco­nomic de­vel­op­ments and bi­lat­eral re­la­tions re­lated to those ar­eas.

At the end of the meet­ing, the two sides signed a Mem­o­ran­dum of Un­der­stand­ing for Sci­en­tific and Ed­u­ca­tional Co­op­er­a­tion be­tween the Min­istry of Ed­u­ca­tion of the King­dom of Saudi Ara­bia and the Mal­tese Min­istry for Ed­u­ca­tion and Em­ploy­ment. In ad­di­tion, the two sides ex­pressed their ap­pre­ci­a­tion for the role played by the par­tic­i­pants in de­vel­op­ing and strength­en­ing co­op­er­a­tion be­tween the two countries dur­ing the ses­sion meet­ings held by the Saudi-Mal­tese Joint Com­mis­sion.

They also agreed that the fourth ses­sion will be held in Riyadh on a date to be de­ter­mined later by the two sides through diplo­matic chan­nels.

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