The Cabinet held a zoom meeting with Sheik Rafik of Saudi Arabia to discuss the establishment of a Caribbean Development Fund.
Antigua and Barbuda seeks to deepen ties with Saudi Arabia and plans to open an embassy in Riyadh.
The Antigua and Barbuda Investment Authority is anticipated to play a significant role in extracting capital from the Development Fund.
The country’s Citizenship by Investment Programme is also expected to benefit from the presence of an embassy in Saudi Arabia, with several other Caribbean countries already represented there.
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