He said there are a lot of opportunities in Iran and that Saudi Arabia also provides a lot of opportunities for them. (Reporting by Rachna Uppal; Writing by Clauda Tanios and Hadeel Al Sayegh; Editing by Andrew Heavens and Christopher Cushing)
(Corrects description of conference in paragraph 2)
By Rachna Uppal
RIYADH, March 15 (Reuters) - Saudi Arabia's finance
minister, Mohammed al-Jadaan, said on Wednesday that Saudi
investments into Iran could happen "very quickly" following an
agreement.
"There are a lot of opportunities for Saudi investments in
Iran. We don't see impediments as long as the terms of any
agreement would be respected," al-Jadaan said during the
Financial Sector Conference in Riyadh.
Iran and Saudi Arabia agreed on Friday to re-establish
relations after years of hostility that had threatened stability
and security in the Gulf and helped fuel conflicts in the Middle
East from Yemen to Syria.
Tehran and Riyadh agreed to resume diplomatic relations and
re-open embassies within two months, according to a statement
issued by Iran, Saudi Arabia and China, which brokered the deal.
"To focus on your economic development and focus on
providing for the people in your country, you need stability,
and they (Iran) need both," al-Jadaan said in Riyadh.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.