Speaker M.Enkhbold meets Prince Abdul-Rahman

Ulaanbaatar /MONTSAME/ A visit of the Chairman of the State Great Khural of Mongolia, Mr M.Enkhbold to the gulf countries continued with a working visit to the Kingdom of Saudi Arabia. This is the first ever high level visit from Mongolia to Saudi Arabia. He met with His Highness, the Prince Abdul-Rahman bin Abdulaziz Al Saud in Riyadh to discussed about the current state and future perspectives of bilateral cooperation. ​ Speaker M.Enkhbold said “Mongolia maintains active partnerships with the Middle Eastern countries. We should exploit all opportunities to draw investment and promote cooperation in the mining, construction and urban development sectors with Saudi Arabia, one of the most developed economies in its region. Collaboration in justice system is equally significant”, and informed that Mongolia is interested in receiving loan and financial assistances in these times of economic constraints in Mongolia. His Highness said in response that Saudi Arabia aspires to build stronger ties with Mongolia. “Once the Kingdom’s foreign policy had been focusing on the relations with Europe. However, nowadays its foreign policy is aiming at developing mutually beneficial and equal relations with all countries of the worlds. Cooperation in trade and investment with Mongolia will be in our ambition. We are also aware of the economic situation of Mongolia. Therefore, the Speaker’s request will be considered carefully. It is our pleasure to help our friend Mongolia”, he said. The Prince expressed interest in intensifying trade of meat and crops, and proposed to work together not only in the mining, the country has abundance of expertise in, but also in the agricultural sector. He pledged to send a research team to Mongolia to study the feasibilities of further bilateral trade and economic cooperation. Prince Abdul-Rahman also noted the sides have to increase frequency of high-level visits. Mongolia and the Kingdom of Saudi Arabia established diplomatic ties in 2007. The Prince and the Minister of Oil of Saudi Arabia have visited Mongolia for private purposes. In April of 2014, former Minister of Foreign Affairs of Mongolia L.Bold paid a visit to Saudi Arabia.