2003 News Story

Lebanese Prime Minister at Saudi-Lebanese Forum

Custodian of the Two Holy Mosques King Fahd bin Abdulaziz received in Riyadh today Prime Minister of Lebanon Rafiq Al-Hariri, with whom he reviewed the Middle East situation, particularly the issue of Israeli aggression against the Palestinian people. Yesterday Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz received Prime Minister Al-Hariri, who is in Riyadh for the first Saudi-Lebanese Forum organized by Riyadh's Chamber of Commerce and Industry in cooperation with the Lebanese group of economy and business.

The two-day meeting, which over 400 businessmen are expected to attend, was opened today by Governor of Riyadh Province Prince Salman bin Abdulaziz. Addressing the forum, Prince Salman remarked that the strong ties between the two countries stand as a symbol of Arab relations, and called for cooperation in investment among all Arab countries. In his address at the inaugural session, Abdulrahman Al-Jeraisey, Chairman of the Chamber's board of directors, highlighted the growing economic relations between the Kingdom of Saudi Arabia and Lebanon, commenting that Saudi investments in Lebanon exceed U.S. $2 billion, and that there are more than 190 Saudi-Lebanese joint projects, including 108 in the industrial sector, with an invested capital of $2.4 billion. The forum will focus on prospects of boosting cooperation in the areas of tourism, banking, investment, education, health, information technology, communications and real estate.