Saudi Arabian Minister of Petroleum
and Mineral Resources Ali bin Ibrahim Al-Naimi has said his country is ready to
help train Mongolian oil specialists and create opportunities for Saudi
businessmen to invest in Mongolia. The Minister was recently in Mongolia as
head of a powerful delegation. He said after a meeting with Prime Minister
S.Batbold 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.