FM Taye Atske Selassie and his Saudi Arabian counterpart Faisal bin Farhan Al-Saud met on Thursday, May 23, 2024

Ethiopia, Saudi Arabia Eye Enhanced Diplomatic and Economic Ties

ADDIS ABABA – Ethiopia’s Foreign Minister Taye Atske Selassie and his Saudis Arabian counterpart, Faisal bin Farhan, held talks on Thursday as the two countries seek to elevate their economic and diplomatic relations.

The bilateral meeting between the foreign ministers was held in Riyadh where they expressed interest in elevating long-term diplomatic relations.

The ministers also agreed to strengthen economic as well as people-to-people relations between the two countries, says the Ministry of Foreign Affairs (MoFA).

The two sides also discussed ways of further ensuring peace and security in the Horn of Africa and promoting regional economic integration.

Saudi’s top diplomat Faisal positively noted the engagements being undertaken by Ethiopia in the Horn of Africa to ensure peace and security, according to MoFA.

The bilateral talk follows the sixth edition of Ethio-Saudi Joint Ministerial Commission meeting, held in Riyadh from 21-22 May 2024 during which the two countries agreed to enhance cooperation in the fields of peace and security, trade, investment, livestock, agriculture, infrastructure, energy, and minerals.

Saudi investors set to visit Ethiopia

In Riyadh, Foreign Minister Taye also held a bilateral meeting with Chairman of the Saudi Arabia’s Chamber of Commerce Hassan Moejeb Alhwaizy.

At the meeting, the minister underlined that Ethiopia is taking significant reforms aimed at creating a favorable investment climate for foreign investors and invited Saudi businesses to engage in trade and investment activities.

Chairman Alhwaizy said Saudi Arabian investors are eager to engage in the east African country.

Their particular interest lies in the agricultural products processing and manufacturing sectors, per the chairman.

He also disclosed that a delegation of selected Saudi Arabian investors will visit Ethiopia in August. FM Taye also welcomed the interest shown by Saudi Arabian investors and stated that Ethiopia is prepared to receive and host them.

The visit and subsequent discussions took place amid ongoing reparation campaign Ethiopia is undertaking to bring its nationals stranded in Saudi Arabia back to their country.

More than 27,000 undocumented citizens came back home since the start of the third-phase repatriation effort, MoFA’s Nebiyu Tedla told reporters on Thursday. Authorities plan to repatriate at least 70000 Ethiopians who are in a difficult situation in the Gulf nation back to their country.