South African President Cyril Ramaphosa has stressed the necessity of further cooperation to increase trade between his country and Saudi Arabia, and enhance joint investments in economic projects and infrastructure in addition to providing facilities and incentives for these investments in line with the aspirations of both countries and peoples. This came during his speech at the Saudi-South African Business Meeting, organized in Jeddah on Thursday by the Council of Saudi Chambers (CSC) in the presence of the Minister of Trade and Investment, Dr. Majid bin Abdullah Al-Qassabi, Minister of Finance Mohammed Abdullah Al-Jadaan, CSC President Dr. Sami bin Abdullah Al-Obaidi, and a number of Saudi businessmen. The Saudi-South African Business Meeting discussed possible ways to reinforce economic cooperation between the kingdom and the African country. At the end of the meeting, an agreement was signed on renewable energy between ACWA Power and Central Energy Fund. "I was impressed by King Abdullah University of Science and Technology (KAUST) and the extent of its great research development and I was happy to find that a number of its professors and students are from South Africa," he said. He also expressed sincere gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the Crown Prince, wishing to see Saudi investors in South Africa with more cooperation between businessmen in both countries. Then, Minister of Trade and Investment Dr. Majid al-Qassabi delivered a speech during which he welcomed Ramaphosa and the accompanying delegation in Saudi Arabia, stressing the depth of the relationship between the two countries in various fields. Dr. Sami Al Obaidi, the chairperson of the Council of Saudi Chambers, said: “We look forward to both countries leveraging investment and trade opportunities so as to turn them into successful partnerships.” Saudi Arabia has a vision that includes “substantial reforms that contribute to enhancing trade exchanges and attracting more domestic and foreign investments, thus opening broad prospects for cooperation with international partners,” Obaidi added.