Cyril Ramaphosa hopes state visit to Saudi king will boost economic ties
The President is currently on a trip to Nigeria‚ where he met Nigerian President Muhammadu Buhari on Wednesday
President Cyril Ramaphosa will leave Nigeria and head to Saudi Arabia and the United Arab Emirates (UAE).
Ramaphosa is currently on a trip to Nigeria‚ where he met that country’s president‚ Muhammadu Buhari‚ on Wednesday.
In a statement on Wednesday‚ Ramaphosa’s spokesperson, Khusela Diko, said the President would be meeting Saudi king Salman bin Abdulaziz al-Saud on Thursday.
"The purpose of the state visit to the kingdom of Saudi Arabia is to assess the status of bilateral relations‚ while focusing primarily on strengthening economic linkages between SA and Saudi Arabia‚ particularly in terms of increasing inward investment and diversifying the trade relationship‚" said Diko.
"The country is also a large investor in SA‚ especially in the area of renewable energy. Total trade amounted to just more than R55bn in 2017‚" she added.
The state visit will also present an opportunity for SA to increase co-operation with Saudi Arabia in the light of the country’s new strategy for Africa.
In the UAE‚ Ramaphosa is expected to meet Sheikh Mohammed bin Zayed al-Nahyan‚ the crown prince of Abu Dhabi‚ on Friday.
"The UAE is growing as a lucrative export market for South African products and services‚ while many South African companies are benefiting from opportunities in the UAE in various sectors‚" Diko said.
She said Ramaphosa would use the opportunity to speak about his investment summit‚ to be held in August, as the UAE was an important partner for the country.