- “When people really stick to the principles of what was agreed, I think that that could happen very quickly,” Saudi Finance Minister Mohammed Al-Jadaan told CNBC in Riyadh.
- Riyadh and Tehran agreed to resume diplomatic relations and reopen embassies in each other’s countries following China-led negotiations in Beijing that culminated on March 10.
- Some observers are skeptical as to whether the countries — Iran in particular — will stick to the mutual pledges made in the diplomatic agreement, which has yet to be seen.
“For they have consulted together with one consent;
They form a confederacy against You” Psalm 83:5
Saudi Arabia may soon be investing in its longtime regional foe Iran following a breakthrough agreement reached between the two countries to re-establish diplomatic relations, the kingdom’s Finance Minister Mohammed Al-Jadaan said Wednesday.
Asked by CNBC’s Hadley Gambled in Riyadh how soon the world might see the wealthy Saudi kingdom making significant investments into Iran and vice versa, Al-Jadaan replied: “I would say very quickly.”
“When people really stick to the principles of what was agreed, I think that that could happen very quickly. Our aim, and I think this has been made very clear previously by our leadership, is to have a region that is stable, that is able to provide for its people, and prosper. And there is no reason for that not to happen,” the minister said.
Riyadh and Tehran agreed to resume diplomatic relations and reopen embassies in each other’s countries following China-led negotiations in Beijing that culminated on March 10.
Read the entire article @ CNBC HERE
