Saudi Arabia and Djibouti have signed an agreement to promote and protect mutual investments, strengthening the economic partnership between the two countries.
The agreement was signed by Saudi Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, and Djibouti’s Minister of State for Investment and Private Sector Development, Safia Mohamed Ali Gadila, on the sidelines of the 28th World Investment Conference in Riyadh.
The event is being held under the patronage of Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz, according to the Saudi Press Agency (SPA).
Both parties praised the agreement, emphasizing its importance in encouraging private and public sector investments and supporting ambitious investment programs in both nations.
The agreement aims to provide essential protections for investors and their investments from both countries.
It seeks to create a secure investment environment by offering benefits such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for resolving investment-related disputes.
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