Azerbaijan-Saudi Arabia business forum due in Baku
Azerbaijani and Saudi Arabian businessmen will come together in Baku on December 10 for a joint forum aimed at exploring new areas of cooperation.
The forum will be attended by government representatives and heads of nearly 50 companies from both countries.
Earlier, Azerbaijani Ambassador to Saudi Arabia Rasim Rzayev stated that Azerbaijan and Saudi Arabia have concluded 12 agreements between them, while 10 more deals are expected to be signed in the near future.
He said four Saudi companies from various fields operate in Azerbaijan, including oil and gas sectors.
Saudi Arabia is one of the first countries that provided active humanitarian assistance.
The Saudi Kingdom, represented by the Saudi Fund for Development (SFD), provided Azerbaijan with a financial assistance for various projects.
Azerbaijan, in 1992 established diplomatic relations with the Kingdom, which was one of the first countries to recognize the independence of Azerbaijan. In 1994, the Azerbaijani Embassy was opened in Riyadh, followed by the Embassy of Saudi Arabia in Baku in June 1999.
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