Kingdom of Saudi Arabia and the Republic of South Africa have confirmed their keenness to strengthen and deepen their relationship in all fields, particularly with regard to economic integration between the two countries. This came during the talks held by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud with President Jacob Zuma of the Republic of South Africa. Following are the most prominent sectors to promote economic integration between the Kingdom and the Republic of South Africa: The most prominent sectors to promote economic integration between the two countries Sector Agricultural: Benefit to the Kingdom The Kingdom of Saudi Arabia seeks to secure its needs of a number of strategic crops such as wheat, corn, and green clover by investing abroad to enhance its food security. Benefit to South Africa:Agricultural investment will help South Africa to modernize its agricultural infrastructure as well as to reduce the high unemployment rates, especially as the agriculture sector significantly depends great on labor. Developments during the visit: His Excellency the Saudi Minister of Agriculture met with Her Excellency the Foreign Minister of South Africa. The Saudi side presented the goods needed by the Kingdom, while the South African side expressed its willingness to arrange a visit for Saudi businessmen to stand on agricultural investment opportunities. Military Manufacturing Sector:The Kingdom's military spending is one of the world's top five. Kingdom's strategic orientation is the domestic-manufacture military production. So, it could benefit from the expertise of the South African's companies in this field. Benefit to South Africa: South Africa has one of the most modern military industries in developing countries, yet the sector suffers from weak investment due to decrease in the South African's military spending. Partnership with the Kingdom will help South Africa to get the investment required to develop its military industry and enable it to expand its production and raise its profitability through partnership by opening military factories in the Kingdom. Developments during the visit: His Excellency the President of the Republic of South Africa and His Royal Highness the Deputy Crown Prince co-opened a military projectiles factory in Al-Kharj. The factory was established at a cost of $ 240 million by and help from South African Ryan Metal Dell Company for ammunition. Traditional Energy Sector The Kingdom can invest in oil refineries in South Africa, and to ensure oil supplies to them. --More
