Tehran, IRNA – Saudi Arabia's Ambassador to Tehran Abdullah bin Saud al-Anzi has termed the Islamic Republic as a very important neighboring country with many potentials, noting Saudi Arabia welcomes conducting joint projects with Iran.

According to the website of Iran Chamber of Guilds cited by the IRNA on Sunday, Al-Anzi in a meeting with the head of Iran Chamber of Guilds said that relations of Iran and Saudi Abia will be stable.

There is a great capacity to expand trade ties between the two countries, he further noted.

He noted that the Islamic Republic is a very important neighboring country, adding that the country enjoys many potentials and a good strategic position in the world.

He called for boosting mutual coooperation through inking contracts between the private sectors of the two countries.

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