Kathmandu, Aug. 27
Saudi Arabia’s Ambassador to
Nepal Fahd bin Mohammed bin Mnikhr said that an air services agreement was
expected to be signed soon to expand direct air connectivity between Nepal and
Saudi Arabia.
In a meeting with President of
the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Anjan
Shrestha in Kathmandu, he expressed confidence on Thursday that improved air
connectivity would help further expand tourism, trade, investment and
people-to-people relations between the two countries.
According to Mnikhr, Saudi Arabia
was interested in further expanding its economic relations with Nepal, the
FNCCI informed in a statement.
He expressed interest in the
potential for Saudi investment and cooperation in sectors such as hydropower
and tourism in Nepal, and said he would take necessary initiatives to make
bilateral economic relations more dynamic.
FNCCI said that the meeting
discussed further strengthening Nepal–Saudi economic relations and expanding
cooperation in trade, investment, tourism and energy.
President Shrestha and Ambassador
Mnikhr discussed expanding Nepal–Saudi trade and investment cooperation,
strengthening relations between the private sectors of the two countries, and
identifying and pursuing new economic opportunities.
Shrestha stressed the need to
translate Nepal’s foreign relations into economic opportunities. He said
economic diplomacy should deliver tangible results by opening new markets for
Nepali businesses, attracting foreign investment, promoting tourism and connecting
Nepali products with international markets.
Stating that Nepal should make
use of the potential to export electricity and information technology services
alongside traditional goods, Shrestha said Nepali products such as tea, coffee,
herbs and handicrafts could be exported to Saudi Arabia.
He also urged the ambassador to
take the necessary initiative with the Saudi Chambers to increase cooperation
between Saudi businesses and Nepali businesses, including business-to-business
(B2B) collaboration.
In response, Ambassador Mnikhr
pledged to provide support from his side to strengthen both
government-to-government (G2G) and B2B relations between the two countries.
Published in The Rising Nepal on 28 August 2026.
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