Deputy Economy Minister of Georgia, Genadi Arveladze, met with Saudi Deputy Investment Minister Faris Al Garni in Riyadh to discuss strengthening economic ties, particularly in the investment sector.

The two sides agreed to sign a memorandum to begin negotiations on a bilateral investment cooperation agreement. Arveladze noted that Saudi investment in Georgia rose by 263% in 2024 and 70% in the first half of 2025.

Arveladze also met with Mohammed Al-Abduljabbar, Acting Governor of Saudi Arabia’s Foreign Trade Authority, to discuss boosting exports and organizing trade missions and business forums to deepen economic cooperation.