Saudi Arabia could invest in Iran ‘very quickly’ after agreement, says minister

On Wednesday, Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said Saudi investments into Iran could happen “very quickly” following an agreement to restore diplomatic ties.

“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 and re-open embassies within two months after years of hostility, following talks in China.

By Reuters

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