UAE and Saudi Arabia Form Co-ordination Council

UAE and Saudi Arabia Form Co-ordination Council

UAE and Saudi Arabia Form Co-ordination Council

The United Arab Emirates (UAE) and Saudi Arabia have agreed to set up a co-ordination council between the 2 countries in a bid to boost relations and increase bi-lateral collaboration.

The signing ceremony for the launch of the council was held at the Peace Palace in Jeddah and attended by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and King Salman bin Abdulaziz Al Saud of Saudi Arabia.

The council will be led by Sheikh Mansour bin Zayed Al Nahyan, the UAE’s Deputy Prime Minister and Minister of Presidential Affairs, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Crown Prince, Second Deputy Prime Minister and Defence Minister of Saudi Arabia.

The agreement was made based on the 2 nations’ social, cultural, historical and religious ties and will encourage greater consultation and partnership in matters of common interest.

According to the agreement, the group will meet periodically and alternately between the 2 countries, and the Chairmen can establish joint committees and name members as the need arises.

By Neil King

Paul Ebeling, Editor

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)