Mexico and Saudi Arabia Deepen Economic and Trade Cooperation
Joint Press Release — Foreign Affairs & Energy
Mexico’s Foreign Secretary Marcelo Ebrard and Energy Secretary Rocío Nahle met with His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of Saudi Arabia, during the Saudi Foreign Minister’s first official visit to Mexico.
The meeting was attended by senior officials from both sides, including Carmen Moreno, Mexico’s Undersecretary of Foreign Affairs, and Martha Delgado, Undersecretary for Multilateral Affairs and Human Rights. Prince Faisal was accompanied by Ambassador Haytham Al Malki and senior representatives from the Saudi Ministries of Foreign Affairs, Investment, and the Public Investment Fund.
The two delegations reaffirmed their commitment to deepening economic, trade, and investment relations between Mexico and Saudi Arabia, especially in light of the upcoming 70th anniversary of diplomatic ties in 2022. They agreed that the occasion would be an ideal milestone to revive bilateral visits and business missions.
During the discussions, both sides emphasized the importance of strengthening the bilateral legal framework to support increased investment flows. The Saudi delegation also requested technical cooperation in tourism development, recognizing Mexico’s global leadership in the sector.
Secretary Rocío Nahle highlighted ongoing cooperation in the energy sector, while Secretary Marcelo Ebrard presented Mexico’s transformative infrastructure initiatives aimed at creating a more equitable and balanced society, including projects in southern Mexico and the Sembrando Vida (Sowing Life) program.
Finally, both foreign ministers acknowledged the strong synergies between Mexico and Saudi Arabia within multilateral forums, particularly the G20 and the United Nations, where both countries advocate for inclusive policies and sustainable development across the Global South.