Saudi investment in Iran could happen very quickly after agreement

2^min

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.

He said there are a lot of opportunities in Iran and that Saudi Arabia also provides a lot of opportunities for them.

Saudi investment in Iran could happen 'very quickly' after agreement

Saudi Arabia

KSA

Kingdom

Iran

Agreement

Finance

Investment

Economy

Lebanon's fuel prices see slight drop

Lebanon's fuel prices see slight drop

Suspending the past: Lebanon and Syria suspend joint council, signaling a new phase in ties

Suspending the past: Lebanon and Syria suspend joint council, signaling a new phase in ties

Israel's Netanyahu orders 'strong action against terrorist targets' in Gaza: Statement

Israel's Netanyahu orders 'strong action against terrorist targets' in Gaza: Statement

One jewelry piece stolen from Louvre found near museum

One jewelry piece stolen from Louvre found near museum

Meet Miss Lebanon 2025 contestants: Video

Meet Miss Lebanon 2025 contestants: Video

Series of Israeli airstrikes spark massive fire in southern Lebanon

Series of Israeli airstrikes spark massive fire in southern Lebanon

Lunar eclipse captivates Lebanon: watch the stunning video

Lunar eclipse captivates Lebanon: watch the stunning video

Israel says it foiled weapons smuggling attempt from Syria to Lebanon

Israel says it foiled weapons smuggling attempt from Syria to Lebanon

Lebanon’s health minister clears Tannourine water after contamination concerns

Lebanon’s health minister clears Tannourine water after contamination concerns

One killed as Israeli strike hits vehicle in Deir Kifa

One killed as Israeli strike hits vehicle in Deir Kifa

Fadel Chaker’s case returns to Military Court as new trial phase begins — the details

Fadel Chaker’s case returns to Military Court as new trial phase begins — the details

Ceasefire in jeopardy as Israel threatens military action in Gaza

Ceasefire in jeopardy as Israel threatens military action in Gaza

Cameroon-flagged tanker issued distress call off Yemen’s Ahwar, security firm says

Cameroon-flagged tanker issued distress call off Yemen’s Ahwar, security firm says

Chainsaw-wielding robbers flee Louvre with jewelry

Chainsaw-wielding robbers flee Louvre with jewelry

Lebanese Industry Minister: Tannourine Water was 'unfairly punished'

Lebanese Industry Minister: Tannourine Water was 'unfairly punished'