The Saudi-Yemeni Business Council announced on Wednesday, November 27, 2024, that it intends to hold joint discussions to enhance investment opportunities between the two countries in Makkah from December 22 to 24, 2024.

In a statement received by "Barran Press," the council noted that the event will be held under the theme "Saudi Vision and Yemeni Development 2030 Towards a Better Future." The discussions aim to strengthen investment opportunities and solidify economic relations between the two brotherly nations.

According to the statement, the Saudi-Yemeni Business Council plays a crucial and strategic role in supporting economic initiatives and encouraging business leaders in both countries to launch joint projects, which receive support and privileges from the leadership of both nations.

Dr. Abdullah Marri Bin Mahfouz, the Saudi co-chair of the council, emphasized that their efforts align with Saudi Arabia's Vision 2030. He indicated that the economic sector is a key focus for promoting stability and economic balance in Yemen, particularly given the significant role of the Yemeni private sector.

Regarding the upcoming discussions, Bin Mahfouz stated that they will explore a range of investment opportunities across various sectors, including agriculture, renewable energy, logistics services, and export-import development.

Economic observers note that Saudi investments in Yemen span diverse sectors such as energy, infrastructure, health, and education, significantly contributing to the Yemeni economy over the years. Reports indicate that Saudi Arabia has provided over $50 billion in economic and developmental support to Yemen over the past decades.

This support includes funds for the Yemeni government's budget, developmental projects, and investments, such as deposits in the Central Bank of Yemen to stabilize the currency and support essential imports.

As for Yemeni investments in Saudi Arabia, observers consider them a successful model of economic cooperation, focusing on sectors such as real estate, food industries, and diverse commercial services.