2001 News Story

Kingdom signs investment agreement with Austria

Minister of Finance and National Economy Dr. Ibrahim Al-Assaf signed in Riyadh today an agreement with the Austrian Ambassador to the Kingdom on the promotion and mutual protection of investments between the two countries. Dr. Al-Assaf called on the private sector in both countries to take advantage of the guarantees provided by the agreement, and noted that this is the fourth bilateral agreement of its kind signed by the Kingdom with a member state of the European Union. The others are Germany, Italy and Belgium.