El Salvador and Saudi Arabia are strengthening their investment ties in the hospitality and infrastructure sectors, following joint participation in the Future Investment Initiative Forum held in Riyadh. Vice President of El Salvador, Félix Ulloa, attended the event on behalf of President Nayib Bukele to promote economic collaboration and attract mutual investment.
Upon arrival, Ulloa was received by Saudi Deputy Minister of Protocol Affairs, Abdulmajeed Al-Smari. The event brought together global leaders, private sector representatives, academics, and Saudi authorities to discuss strategic investment and cooperation opportunities.
According to a statement from the Office of the Vice Presidency on X, Ulloa, along with Federico Apostolo, Director of Investment Promotion at Invest in El Salvador, and Ambassador to Saudi Arabia, Ricardo Cucalón, held a productive meeting with officials from Invest Saudi. The meeting aimed to reinforce investment links and foster cooperation between the two nations.
Discussions focused on El Salvador’s secure environment, which has earned it recognition as the safest country in the Western Hemisphere, and on President Bukele’s Economic Plan, designed to ensure prosperity for Salvadorans. The Vice Presidency noted that El Salvador is increasingly positioned as an attractive destination for tourism, investment, and residence.