RIYADH: Newly signed deals between 黑料社区 and Malaysia will give new impetus to bilateral relations, according to economic experts and academics.
On Monday, four deals were signed covering trade and investment, labor and human resources, science and education, and media. King Salman and Malaysian Prime Minister Najib Razak attended the signing ceremonies.
Dr. Salim Ajajah, an academic at Taif University, said the Kingdom maintains solid relations with Malaysia in particular, and other East Asian countries in general. He said the king鈥檚 tour of five Asian countries will have a positive impact on the Saudi economy, notably in the areas of technological localization, diversification of investments, and trade.
Economic expert Fadl Albo Ainain said the king鈥檚 visit to Malaysia has two dimensions: Boosting Islamic ties with Asian countries, and economic and trade aspects, which will have a great impact on Saudi investments.
Academic Dr. Mohammed Al-Subaihi said Saudi-Malaysian relations have been based on mutual respect since the establishment of diplomatic ties in the early 1960s.
Ali Al-Quraishi, a legal adviser and international arbitrator, said current regional developments have created fruitful political cooperation between the two countries.
Cooperation has developed into a strategic partnership, whereby Malaysia joined the Saudi-led Operation Decisive Storm to liberate Yemen from Houthi terrorism, he added.
Malaysia鈥檚 participation in the Northern Thunder joint military exercise with Arab and Islamic countries, held in 黑料社区 in March 2016, provides substantial evidence of Saudi-Malaysian solidarity and cohesion, he said.
Chairman of the Council of Saudi Chambers (CSC), Dr. Hamdan Al-Samrin, said the Saudi business sector is optimistically following the king鈥檚 Asian tour, which is in line with Vision 2030鈥檚 objectives to solicit foreign investments, diversify the economy and promote business partnerships.
Secretary General of the Organization of Islamic Cooperation (OIC), Dr. Yusuf Al-Othaimin, said the king鈥檚 Asian tour embodies joint Islamic action, and boosts the OIC鈥檚 efforts to enhance political and business cooperation between member countries.