Hungary PM to visit Saudi Arabia to negotiate investments – paper

Prime Minister Viktor Orbán at the end of September will travel to Saudi Arabia, where he is expected to push for major Saudi investments in Hungary, business daily Világgazdaság said on Tuesday.

The Saudi sovereign wealth fund could direct several hundreds of billions of forints to investments in Hungary and finance developments in the country which are expected to help improve living standards in the long term, the paper said.

Oman has also given Hungary a similar promise of cooperation, and Hungarian firms are opening representative offices there, it added, citing information from the Hungarian Chamber of Commerce’s (MKIK) Hungarian-Arab section.

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