This archive report was first published on 31 October 2019.
President Uhuru Kenyatta landed at the Jomo Kenyatta International Airport on Wednesday night, October 30, 2019, after an official trip to Riyadh, Saudi Arabia.
While in Riyadh, Kenyatta attended the Future Investment Initiative, where he urged Middle Eastern countries to invest in Kenya's expanding economy.
King Salman praised Kenya for its role in securing regional stability and its open economy policy, which has been an anchor for regional economies.
During the trip, Kenyatta also met with King Abdullah II of Jordan to discuss progress in trade and bilateral relations between the two countries.
The Head of State highlighted the potential for increased trade between the Middle East and Kenya, citing the African Continental Free Trade Agreement (ACFTA) as a lucrative environment for business ventures.
Kenya's Treasury Cabinet Secretary, Ukur Yattani, met with the Vice Chairman and Managing Director of the Saudi Fund for Development, Dr. Khalid Bin Sulaiman Alkhudairy, to discuss investment opportunities in Kenya's Big Four projects.
The Saudi Fund has agreed to invest in Kenya's Affordable Housing projects, as well as power, roads, and education, where it has already invested.
Dr. Alkhudairy expressed appreciation for Kenya's improvement in the ease of doing business index and the Saudi Fund's intention to increase its portfolio in the country.
