Saudi Arabia’s foreign minister holds meeting with South African minister

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan, who is on an official visit to South Africa, held a meeting with International Relations and Cooperation Minister Naledi Pandor in Pretoria on Monday.
The two ministers reviewed bilateral relations and discussed ways to enhance them in all fields to serve the aspirations of both countries.
South Africa is embarking on an ambitious economic reform agenda that shares striking similarities with Saudi Arabia’s own efforts to slash red tape and stimulate investment.
Like Saudi Arabia, South Africa is transitioning from a commodity-based economic foundation to a more sustainable and diversified and modernized model.
Trade relations between South Africa and Saudi Arabia received a boost in 2018 with an official visit by President Cyril Ramaphosa to the Kingdom.
The timing was significant for both countries as they stepped up efforts for radical economic transformation with a heavy emphasis on boosting private sector participation.