According to the Ministry of Finance, Saudi Arabia is ready to invest in strategic projects in Montenegro, and there is interest in the fields of healthcare, education, tourism, energy, and infrastructure.

On the first day of the autumn meetings of the World Bank (WB) and the International Monetary Fund (IMF) in Marrakech, Minister of Finance Aleksandar Damjanovic had meetings with officials from the Ministry of Finance of Saudi Arabia, and Director and Deputy Director of the Saudi Fund for Development, Sultan A. Al-Marshad and Faisal Al-Kahtani.

The meetings focused on the investment potential of Montenegro and the possibility of implementing joint development projects in different fields.

“In this context, the readiness of that country to invest in strategic projects in Montenegro was confirmed during the discussions with representatives of the Ministry of Finance. Additionally, the next steps were agreed upon in order to concretize the cooperation in this field,” stated a press release issued by the Ministry.

The senior officials of the Saudi Fund for Development also expressed interest in investing in the fields of healthcare, education, tourism, energy, and infrastructure, adding that that there was readiness to invest not only in projects of importance for Montenegro but also for the Western Balkan region.

During the first working day of the annual meetings of the World Bank and the IMF, Damjanovic also met with the Minister of Finance of Serbia Sinisa Mali to discuss the strengthening the cooperation between the two neighboring countries and potential projects in the field of finance and economy that could be implemented in the upcoming period.