Georgia and Saudi Arabia have signed the Agreement on Co-operation

 
On 13 May 2016, the Georgian Foreign Ministry hosted an official ceremony of signing the General Agreement on Co-operation between the Government of Georgia and the Government of the Kingdom of Saudi Arabia. The Agreement, on behalf of the Government of Georgia, was signed by Minister of Foreign Affairs Mikheil Janelidze, and on behalf of the Government of the Kingdom of Saudi Arabia – by Ambassador of the Kingdom of Saudi Arabia to Georgia Mesaad Ibrahim Al-Sulaim.
 
The General Agreement provides a basis for the contractual and legislative framework between the two countries, and it will be followed by a series of other bilateral agreements in various areas. The General Agreement will encourage the development of co-operation between Georgia and Saudi Arabia in many areas, including in trade and investments, energy, agriculture, tourism, etc.
 
According to the Georgian Foreign Minister, this Agreement is a significant step towards the development of co-operation between the two countries. Georgia and Saudi Arabia have a great potential for the development of their relations in many areas. Of particular importance is Georgia’s potential to attract investments from Saudi Arabia, as well as to increase Georgian exports of agricultural goods to Saudi Arabia. Co-operation in tourism is also developing successfully. Saudi Arabia increased its number of visitors to Georgia by about 80 percent in 2015.
 
The General Agreement will enter into force upon the completion of respective intra-state procedures.