Riyadh Gov. Prince Faisal bin Bandar receives Maldives President Abdulla Yameen in Riyadh. (SPA)

Saudi Arabia has agreed to open its embassy in Maldives as parts of efforts to strengthen relations between the two countries.

The agreement was reached during the official visit of Maldives President Abdulla Yameen to Riyadh, where he held talks with Custodian of the Two Holy Mosques King Salman and senior Cabinet members including Finance Minister Ibrahim Al-Assaf.

“The two sides have expressed their desire to strengthen cooperation in foreign affairs, defense, Islamic affairs, justice, economic, investment and trade sectors as well as education, health and social affairs to realize their common interests,” said a joint statement issued at the conclusion of Yameen’s visit to the Kingdom.

The two countries have agreed to expand trade and investment cooperation, the statement said while urging the private sector to make use of investment opportunities in both countries.

The Saudi Fund for Development will continue to finance development projects in Maldives including expansion of Male International Airport and protection of the country’s coastal areas.

“As part of efforts to deepen educational and cultural cooperation, Saudi Arabia will provide 150 scholarships to Maldives’ students,” the statement said.

President Yameen has said that his country considers Saudi Arabia its first political and business partner. He also commended the Saudi government for its generous support to his country.

“We are grateful to Saudi Arabia for its noble services to Maldivian Haj and Umrah pilgrims,” the statement said.

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