1998 News Story

Saudi Arabia signs agreement with Iran

Foreign Minister Prince Saud Al-Faisal left Tehran today after a two-day official visit to Iran,

during which he signed, together with Iranian Foreign Minister Kamal Kharazi, an agreement of

cooperation between the two countries in the spheres of economy, trade, investment,

education, science, technology, culture, sports and youth.  Under the agreement, the two sides

will encourage and facilitate joint investments and promote exchange visits of trade missions.

It also provides for the formation of a joint economic commission at the ministerial level.
Prior to his departure, Prince Saud announced a meeting of the Saudi-Iranian Joint Economic

Commission for next November, and stressed the importance of his visit to Iran and the talks

he had conducted with a number of Iranian officials.  Among these was Hashemi Rafsanjani,

head of the Expediency Council in the government of the Islamic Republic of Iran, to whom he

conveyed greetings from Custodian of the Two Holy Mosques King Fahd Ibn Abdul Aziz and

Crown Prince Abdullah Ibn Abdul Aziz.