Dr. Hemmati's visit to Saudi Arabia was primarily to participate in this significant conference, which aims to foster dialogue on economic issues affecting the region. During their discussions, both ministers underscored the importance of enhancing trade and customs cooperation, as well as mitigating double taxation to facilitate bilateral investment.

Additionally, they highlighted the need to streamline financial transactions for Hajj pilgrims, ensuring that necessary facilities are in place.

he AlUla conference is co-organized by the Saudi Ministry of Finance and the International Monetary Fund (IMF). In a joint statement issued on November 24, Minister Al-Jadaan and IMF Chief Kristalina Georgieva noted that the conference would serve as a unique platform for exchanging insights on domestic, regional, and global economic developments while exploring policies and reforms aimed at promoting inclusive prosperity through robust international collaboration.

Furthermore, Minister Hemmati is engaging in bilateral talks with politicians from other regional countries to discuss strategies for enhancing financial and economic ties.