Opportunities for cooperation in energy and water management were discussed by State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó and Saudi Arabia's Deputy Minister of Water and Energy Mohammed Al-Saud in Budapest on Wednesday.

Saudi Arabia is Hungary's second largest trading partner in the Arab world, and the two areas offering the most opportunities for further cooperation are water management and electricity.

DownloadPhoto: Gergely Botár

Budapest Water Works has the qualification required to operate in Saudi Arabia, and negotiations concerning urban service management and sewage treatment projects are under way.

Additionally, Hungarian Electrical Works (MVM) is in cooperation with a Saudi company to jointly bid for projects aimed at renewing the electricity networks of Arab countries.

Details of the cooperation will be discussed by the Hungarian-Saudi Joint Economic Committee, which is co-chaired by the State Secretary, in Budapest next week.

(Prime Minister’s Office)