Maldives-Saudi Arabia sign MoU to promote trade and economy

A memorandum of understanding has been signed between Maldives and Saudi Arabia under which the two countries will work together towards promoting trade and strengthening the economy.

In a statement released today, the Ministry of Economic Development and Trade said that the MoU had been signed during Minister Mohamed Saeed's official visit to Riyad. From Saudi Arabia, the MoU was signed by their Minister of Commerce and Chairman of Foreign Trade Board Dr Majid bin Abdullah bin Osman Al Qasabi.