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Romania pushes Saudi investment in country

Saudi investors have made total investments of $2.2 billion in Romania up to date, the country’s ambassador to Saudi Arabia Ion Dobreci told the press on Wednesday in Riyadh.

Dobreci said his country is all set to boost ties in different sectors with the kingdom and other Gulf States following its entry into the EU. Romania became a member of the EU at the beginning of this year. The ambassador highlighted the success of the recent acquisition of a 63% stake in Romania’s Electroputere Craiova by the Saudi Al-Arrab Contracting Company (ACC). (Arabianbusiness)