Saudi Arabia, Switzerland to boost economic ties
Saudi Arabia and Switzerland have inked an investment promotion and protection agreement in a bid to boost economic ties. Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority (SAGIA) signed the accord on behalf of the Saudi government.
According to Arab News, the accord allows free flow of investments and returns without restrictions. The bilateral accord is expected to boost the value of licensed Swiss investments at a time when the value of non-oil Saudi exports to Switzerland has jumped some 11-fold.