Saudi Arabia's finance minister, Mohammed al-Jadaan, said on Wednesday that Saudi investments into Iran could happen 'very quickly' following an agreement.
Saudi Finance Minister, Mohammed al-Jadaan speaks during Saudi 2022 Budget Forum in Riyadh, December 13, 2021. REUTERS/Ahmed Yosri
"There are a lot of opportunities for Saudi investments in Iran. We don't see impediments as long as the terms of any agreement would be respected," al-Jadaan said during the Financial Sector Conference in Riyadh. Tehran and Riyadh agreed to resume diplomatic relations and re-open embassies within two months, according to a statement issued by Iran, Saudi Arabia and China, which brokered the deal.
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