Merkel in Jeddah ahead of UAE visit

German Chancellor Angela Merkel met Saudi King Salman on Sunday, state media said, as she began a visit focused on bilateral relations and preparations for the next G20 meeting.

King Salman received Merkel in his palace in the western city of Jeddah, SPA state news agency said, adding that the two presided over a signing ceremony for six cooperation agreements: three government-to-government and the others involving the private sector.

Merkel was expected to discuss with the Saudis the agenda for the G20 meeting in July, including the Paris climate accord and G20 decisions on energy, according to a German official.

“There will be for sure a discussion over how Germany could support Saudi efforts to diversify its economy and reduce its dependency on fossil energy,” the official said ahead of the visit.

“Economic relations are solid but not shining. The volume of commercial exchange stood at eight billion euros [Dh29.4 billion] in 2016. German investments in Saudi were around 1.2 billion euros,” the official said.

The world’s largest oil exporter has embarked on an ambitious plan to diversify its oil-dependent economy after a sharp drop in crude prices hit revenues.

Merkel is also expected to urge Saudi Arabia to reduce tension with Iran, the official added.

Merkel also also meet Crown Prince Mohammad Bin Nayef and Deputy Crown Prince Mohammad Bin Salman, the powerful son of the king who is also defence minister.

Merkel travels on Monday to the UAE, where German investments stand at around 2.4 billion euros, the German official said.

Source : GULF NEWS