ATHENS — The Council of Saudi Chambers of Commerce and the Hellenic Federation of Enterprises signed here Wednesday a memorandum of understanding (MoU) to establish a Saudi-Greek Business Council.

The Council has been set up to enhance bilateral trade between Saudi Arabia and Greece and increase the volume of trade and investment cooperation.

The signing ceremony was held in the presence of the Minister of Investment Eng. Khalid Bin Abdulaziz Al-Falih and a number of ministers, officials and businessmen from the two countries, within the framework of his official visit to Greece to discuss areas of investment cooperation with his Greek counterparts.

The MoU was signed by the CSC President Ajlan Bin Abdulaziz Al-Ajlan and Greek President of the Executive Committee of Hellenic Federation of Enterprises Efthimios Vidalis. — SPA