Ali bin Ibrahim Al-Naimi, the Saudi Arabian
Minister of Petroleum and Mineral Resources, has said his country is ready to
help train Mongolian oil specialists and create opportunities for Saudi businessmen
to invest in Mongolia. The Minister, leading a delegation to Mongolia, met with
Prime Minister S. Batbold and later said that his visit aims to explore
opportunities for mutual cooperation and investment in the mining sector and
that the Saudi Chamber of Commerce and Industry looks forward to strengthening
bilateral cooperation with Mongolia.

Batbold told the visitors the two countries needed to step up their cooperation
in the mining and minerals sectors as there is great potential for successful
and mutually beneficial cooperation. He stressed the need to raise current
bilateral cooperation to a new level, especially in the mining and minerals
sectors, which are the two countries” most dominant economic sectors and added
that Mongolia could learn from Saudi Arabia”s experience in oil exploitation,
capitalization and management.