Connect with us

Hi, what are you looking for?

Trade Relations

Cuba and the Saudis Sign New Loan Agreement

cuba-saudi-arabia
Cuba and Saudi Arabia sign a new agreement in Riad, further strengthening bilateral ties.

The Cuban media has reported that Cuba and Saudi Arabia have signed a new loan agreement for $26.6 million dollars in Riyadh.  The Saudi Development Fund (SDF) will loan funds to assist in the development of the Program of Rehabilitation and Construction of Social Works of the Office of the Historian of Havana.

Ricard Cabrisas, the Cuban Minister of the Economy and Vice President of the Council of Ministers, and Yousef Ibrahim Albassam, the Executive Director of the SDF, signed the agreement further strengthening Cuban and Arab ties.

Minister Cabrisas also held a meeting with King Salman bin Abdulaziz Al Saud at the Al-Salam Palace in the city of Jeddah.

Cuba’s official delegation also included included representatives from Energy and Mines, Economy and Planning, Foreign Trade and Investment, Foreign Affairs, the Central Bank and Cuba’s ambassador to Saudi Arabia.

Advertisement. Scroll to continue reading.

On the agenda, meetings took place with various Saudi government officials including ministers from the Department of Economy and Planning, Energy, Industry and Mineral Resources, and Finances, as well as other high level government officials.

The Cubans and the Saudis also agreed to continue strengthening bilateral ties especially in the area of economic cooperation between the two nations.

Related News:

Trade Relations

A Cuban delegation led by Deputy Prime Minister and Minister of Foreign Trade and Investment Ricardo Cabrisas Ruiz, have concluded a working visit to...

Foreign Investment in Cuba

Cuba Initiative Celebrates 25 Years The Caribbean Council, a consultancy and membership organization, will be hosting the Cuba Trade and Investment Mission, June 17...

Infrastructure

The Russians have signed an agreement with the Cubans to upgrade the Island’s railway system. Ricardo Cabrisas Ruiz, Vice President of the Council of...

Tourism

Cruises companies and people to people travel have been hit hard by the Trump administration. Major new travel restrictions on visits to Cuba by...

error: This content is copyright protected.