ArmInfo.President of Armenia Armen Sarkissian, who is on a working visit to Saudi Arabia, attended the 5th Conference of the "Future Investment Initiative."
Thus, as the press service of the President reports, "Heads of many states, members of governments, heads of well-known transnational and global companies, also businessmen attended the Conference.
President Sarkissian together with the Crown Prince, Deputy Prime Minister, and Minister of Defense of Saudi Arabia Mohammed bin Salman attended the opening ceremony of the conference.
The President of Armenia, and the Crown Prince of Saudi Arabia talked about the need to develop relations between the two countries and their future. It was noted that the rich historical ties between the two peoples are a good basis for building future interstate relations. "
To note, there are no official diplomatic relations between Armenia and Saudi Arabia, as Saudi Arabia refuses to pursue diplomatic relations with Armenia. This is due to the Nagorno-Karabakh conflict. In this matter, Saudi Arabia supports the side of Azerbaijan.
However, relations between the two countries have witnessed significant warming since the 2010s, possibly due to general opposition to the rise of Turkish influence. The thaw in relations began after the rise to power of the Crown Prince of Saudi Arabia, Mohammad bin Salman, and the growth of hostility between Saudi Arabia and Turkey, which has bad relations with Armenia.
