Bilateral economic relations have improved greatly, Mohammed Abdulhadi Almatrafi said, noting that the volume of trade between Saudi Arabia and Hungary reached 470 million dollars in 2015.

Referring to Saudi Arabia’s Vision 2030 strategy to diversify revenue sources by supporting the private sector and small and medium-sized businesses, as well as increasing the share of renewable and promoting foreign investments, he said it would hopefully draw more Hungarian investments to the country.

Republished with permission of Hungary Matters, MTI’s daily newsletter.