Riyadh, Muharram 27, 1437, Nov 9, 2015, SPA -- Foreign Minister Adel bin Ahmed Al-Jubeir emphasized the importance of crystallizing a strong and effective partnership between the Arab world and South American countries, which not only benefits both sides, but extends also to the international sustainable development service plan, within the framework of multilateral cooperation under the umbrella of international legitimacy, through consolidating principles of the United Nations' Charter. In a speech at the opening of the ministerial preparatory meeting for the fourth summit of Arab and South American countries to be held in Riyadh on 10 and 11 of November, he pointed out that the Arab economy, despite being a developing one, has contributed to help the least developed countries in the world. For example, he added, Saudi Arabia's economy, which is a major part of the global economy among the top 20 countries, contributed, in particular, a total aid and soft loans to developing countries and least developed countries, worth more than $120 billion, over the past three decades. He noted conformity of points of view between the two sides, on many issues and questions, particularly the support of the South American countries of Arab just causes, indicating in the same context that the Arab side is always working to support these countries, in many issues. Praising in this regard the positive attitudes of the South American countries, friendly to the Palestinian issue and recognizing establishing the State of Palestine on the borders of 1967, he expressed hope that it would contribute to the broad international recognition of the State of Palestine, in bolstering the peace process to achieve a just, lasting and comprehensive peace objectives. --More 20:32 LOCAL TIME 17:32 GMT www.spa.gov.sa/w