His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister and Minister of Defense, and Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, cochaired the second meeting of the Saudi-UAE Coordination Council here today. At the beginning of the meeting, Sheikh Mohammed bin Zayed stressed strength of Saudi-UAE relations citing the formation of the council and its great positive results. He said, "Today we have 20 common areas of development in the fields of economy, security, human development and others." The Crown Prince of Abu Dhabi said that "our joint economy ranks 16th globally, and we can work together to become one of the top 10 economies in the world, as foreign investments currently exceed $ 250 billion in various economic sectors, and our investment funds are ranked first in the world, and we will increase our investments to be one of the top ten countries to invest globally. Our financial markets exceed $ 720 billion, and we seek to be one of the top ten financial markets in the world." He stressed that this unique model of integration is not only beneficial to both countries, but also boosts Gulf Cooperation Council cooperation, and provides an exceptional model for Arab-Arab cooperation and puts the two countries in a distinguished position on the map of global alliances. --More 22:38 LOCAL TIME 19:38 GMT 0046 www.spa.gov.sa/2004029
