Saudi Arabia, represented by the Minister of Economy and Planning, Faisal Alibrahim, has signed an agreement with Bulgaria to establish a joint committee during an official visit to capital of Bulgaria. Faisal Alibrahim signed the agreement with the Bulgarian Minister of Economy and Industry, Nikola Stoyanov. According to Saudi Press Agency (SPA), the agreement establishes a joint committee to implement the General Agreement on Cooperation between the Kingdom and the Republic of Bulgaria. The joint committee will develop and strengthen bilateral economic relations between both countries and identify new development opportunities in economic fields. — SPA