The Kingdom of Saudi Arabia (KSA) and Africa have resolved to further strengthen their relations and promote the strategic partnership in furtherance of the historical ties between them.
They noted “the opportunities provided by the Kingdom’s Vision 2030 and the African Agenda 2063 to enhance cooperation in various fields, which constitute a mutual economic benefit for the Kingdom of Saudi Arabia and the African countries” to achieve Sustainable Development Goals (SDGs).
They stressed the importance of “economic cooperation and joint investment between the Kingdom of Saudi Arabia and the African countries to achieve sustainable development and benefit from human resources globally.”
Consequently, the Kingdom of Saudi Arabia encouraged the Saudi companies and investors to increase quality investments on the African continent in various fields. Likewise, the Kingdom welcomed the African investors and companies to benefit from the huge investment opportunities.
This is contained in a communique the “Riyadh Declaration – Roadmap of Saudi-African Cooperation” issued here in Riyadh, Saudi Arabia at the end of the historic first Saudi-Africa Summit on Friday, attended by a number of African leaders and the Africa Union Commission.
The leaders emphasized the depth of the historical relations between the Kingdom of Saudi Arabia and the African countries, as the Kingdom provided, over the course of 50 years, development support worth more than $45 billion in many vital sectors, which 46 African countries have benefited from.
In a similar vein, the leaders of the African countries also paid tribute to the level of trade relations between the Kingdom and the African countries, with the volume of trade making up $ 45 billion in 2022.
Moreover, they also stressed the importance of making more efforts to further enhance trade and economic cooperation and encourage joint investments by diversifying intra-trade and strengthening relations between the economic institutions from both sides.
They also confirmed their determination to further develop cooperation and coordination in defense fields, make concerted efforts to combat terrorism and extremism in all its forms.
On the Israeli-Palestinian conflict they stressed the necessity of ending the real cause of the conflict represented by the Israeli occupation and the importance of intensifying efforts to reach a comprehensive and just settlement of the Palestinian-Israeli conflict in accordance with the principle of the two-state solution, the Arab Peace Initiative, and the relevant international legitimacy resolutions, in a way that guarantees the Palestinian people their right to establish their independent state on the borders of 1967, with East Jerusalem as its capital.
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