Mauritania, Saudi Arabia Sign Agreement on Encouragement, Reciprocal Protection of Investment

On 10 November, in Riyadh, Saudi Arabia, the Minister of Finance, Mr. Isselmou Ould Ahmed M’Bady, signed with Mr. Khaled al-Faleh, the Saudi Minister of Investment, an agreement intended for the encouragement and reciprocal protection of investments.

The agreement aims at encouraging and protecting investments and strengthening economic relations between the two brotherly countries.

It provides for establishing favorable conditions to create more opportunities for trade and investments to motivate investors to take more investment initiatives to contribute to achieving prosperity in both countries.