Saudi and Argentina talk about improving ties: Investment Minister Khalid Al Falih discussed bolstering bilateral economic and investment ties with Argentina's Cabinet Chief Nicolás Posse and Economy Minister Luis Caputo, according to a statement on X by the ministry. They also discussed investment priorities by Saudi companies in the South American country. This is the first meeting between the two countries’ officials since Argentina’s new cabinet was sworn in December amid an ongoing economic crisis that pushed the government to adopt austerity measures.

All for promoting FDI: Saudi and Argentina signed last year a MoU to encourage direct investments between the two countries. They also inked an agreemen t to explore and evaluate mineral resources and groundwater reservoirs, conducting risk and impact mitigation reports, and assessing data management techniques. The South American country has set a target to become carbon neutral by 2050.

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