OREANDA-NEWS. January 18, 2012. During his visit, the Governor of the National Bank of Ukraine held working meetings with Minister of Finance of the Kingdom of Saudi Arabia Dr. Ibrahim bin Abdulaziz bin Abdullah Al-Assaf, Governor of the Saudi Arabian Monetary Agency (SAMA) Dr. Fahad AlMubarak, governors of commercial banks and senior managers of large investment companies.

Looking back over time, we see that the Kingdom of Saudi Arabia is one the richest countries in the world, which is a member of the G20 and a donor country of the International Monetary Fund.

During a meeting with Minister of Finance of the Kingdom of Saudi Arabia Dr. Ibrahim Al-Assaf, Sergiy Arbuzov discussed the issues related to the state of the economy and financial position of Ukraine, prospects for broadening cooperation between the central banks of both countries and the possibility of switching to direct financial settlements between the countries.

The representatives from the Kingdom of Saudi Arabia emphasized that their country intends to broaden the economic relations with Ukraine in four areas:

- investments and finance,

- banking sector and arrangement of settlements between the countries,

- trading operations,

- agro-industrial complex.

The Saudi Arabian partners emphasized that they regard Ukraine as an important partner in the development of cooperation between the agricultural corporations of both countries and implementation of infrastructure projects. Furthermore, the representatives from the Kingdom of Saudi Arabia stressed that they are interested in investing in Ukraine and investors expressed their readiness to increase the volume of direct and portfolio investment in Ukraine.

In the course of the meeting, the sides also pledged to develop the financial relations between Ukraine and the Kingdom of Saudi Arabia and expressed their hope for further fruitful and efficient cooperation.