ALULA: Shifting global trade patterns are creating new opportunities for bilateral cooperation between Argentina and Saudi Arabia, particularly in the energy sector, said Federico Sturzenegger, Argentina’s minister of deregulation and state transformation.
Speaking to Arab News on the sidelines of the AlUla Conference for Emerging Market Economies, Sturzenegger expanded on his goals at the event, Argentina’s growing economic relationship with the Kingdom, and the country’s position as a third-party player amid geopolitical tensions.
He said the forum provides a strong platform for collaboration because of the diversity of participants gathered in AlUla. Sturzenegger pointed to Argentina’s bilateral relationship with Saudi Arabia as an example of the type of cooperation the conference can facilitate, particularly in energy:
“Definitely we could see some of the knowledge, experience, capital, know-how of this country to exploit those resources. It’s always an opportunity to talk and learn about those things and see how things are going in each country,” the minister told Arab News.
Elaborating on the sector, he added: “I mean energy definitely, I mean this country is absolutely top tier, it’s a leader in the world. It has the engineers, it has the knowledge, it has the capital; Argentina is a potentially relevant hub in the world in this, in a very isolated place, and a very safe place from a geopolitical point of view.”
