المملكة: The President of Germany in the Kingdom .. economic cooperation and a joint vision of international issues
Emphasizing the Kingdom’s political and economic status
The visit of the Federal President of the Federal Republic of Germany to the Kingdom of the Kingdom reflects the German government’s appreciation to His Highness the Crown Prince – may God protect him – and the Kingdom’s political and economic status, weight and pivotal role at the international level, and the keenness of the leaders of the major countries to consult with the rational leadership – may God protect it – on the developments of events regionally and internationally.
The importance of the visit of His Excellency the Federal President of the Federal Republic of Germany to the Kingdom and his meeting with His Highness the Crown Prince – may God protect him – coincide with the political and security developments witnessed by the region, which requires consultation and coordination of efforts between the leadership of the two countries in a way that enhances the security and stability of the region.
The two countries are looking forward to the visit of His Excellency the Federal President of the Federal Republic of Germany to the Kingdom and his meeting with His Highness the Crown Prince – may God protect him – to strengthening and developing relations between them in various fields, and taking advantage of the opportunities for cooperation and partnership provided by the Vision 2030 and the major projects launched by the Kingdom.
Development of bilateral relationships
The two countries are keen to develop bilateral relations between them in all fields, in a way that serves their common interests, and supports the Kingdom’s efforts to achieve the goals of Vision 2030 and its executive initiatives, and consults the leaders of the two countries regarding many regional and international issues, foremost of which is enhancing security and stability in the Middle East, where the German government affirmed Its keenness to strengthen its relations with the Kingdom, given its pivotal role in finding solutions to crises in the region.
The two countries discuss opportunities to enhance cooperation and develop bilateral relations regularly through the meetings of the Saudi -German Committee, which is headed by the Saudi side by the Minister of Finance, and from the German side and the Minister of Economy and Climate Protection, and holding periodic meetings with the aim of encouraging partnerships between the public and private sectors in the two countries.
Establishing the Palestinian state
The Kingdom is compatible with the Federal Republic of Germany on the necessity of establishing a Palestinian state as a fundamental requirement to resolve the crisis in the Middle East and the right of the Palestinian people to self -determination, living in peace, prosperity and dignity, in its independent state, bringing peace and security in the entire region, and the necessity of immediately allowing humanitarian aid to reach the population In the Gaza Strip, Israel refrains from more escalation in Rafah.
Enhancing economic relations and trade exchange
The two countries aim to enhance economic and investment relations and increase trade exchange between them by holding the Saudi -German Business Forum periodically, as the Kingdom’s economy is the largest in the Middle East and North Africa level, while the economy of the Republic of Germany is the largest in the European Union, and the two countries are two influential members in a group The twentieth, and the volume of trade exchange between them reached 7.585 billion dollars, until the third quarter of 2024, and reached 9.899 billion dollars during the year 2023 AD.
The Kingdom and the Federal Republic of Germany are seeking to develop joint cooperation in the field of clean energy, as the two countries have signed a memorandum of cooperation in the field of generating, processing, processing, use, and marketing hydrogen fuel generation, and the establishment of a dual innovation fund to enhance clean hydrogen technologies.
Economic cooperation between the two countries has witnessed a great development, as the Saudi Industrial Cities Authority hosts “cities” factories for German investors with Saudi partners, and the two countries have established strategic partnerships in the fields of mining and industry and developing artificial intelligence technologies in serving the energy system, in order to support the Kingdom’s global progress in the scale (Global Ai Index).
Modern transportation techniques
Within the framework of the Saudi -German cooperation in the field of modern transportation technologies, (Saudi Group) signed the purchase of 100 electric planes with the German company “Lilium”, to provide new solutions and air paths to link the guests of Rahman to Makkah during the Hajj and Umrah season, and enable the Kingdom’s visitors to quickly reach Sports and entertainment events and tourist sites, as well as benefit from them in linking the Kingdom’s Greater Projects within the Vision 2030.
Investment institutions in the Kingdom are heading towards acquiring promising German companies, such as the acquisition of the Saudi Public Investment Fund in partnership with the Austrian company “Bentler International”, on the German “Holon” company for self -driving electric vehicles, and the “ICCH” of petrochemicals, on a specialized factory in Intensive polymer production in Germany, and his endeavor to transfer the factory to the industrial city of Jubail in Saudi Arabia, and others.
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