TEHRAN - Iran’s Economy Minister Ehsan Khandouzi said he has held favorable talks with his Saudi Arabian counterpart during his visit to the Arab country.

In a post on his social media, Khandouzi said he had constructive talks with the Minister of Economy and Planning of Saudi Arabia Faisal F. Alibrahim.

"Faisal F. Alibrahim agreed with Iran's all five proposals," the Iranian minister underlined.

He said that the Saudi minister also emphasized the need for developing a roadmap for economic cooperation in the public-private sector.

An Iranian delegation headed by Khandouzi visited Riyadh to participate in an annual Islamic Development Bank (IsDB) meeting.

Speaking at his weekly press conference on Monday morning, Iranian Foreign Ministry Spokesperson Nasser Kan'ani said that consultations and dialogues are underway between Tehran and Riyadh at the political and economic levels.

"We have had economic issues on the agenda since the beginning of the resumption of negotiations between the two sides, and both sides are unanimous on this matter, and the talks are ongoing," the senior Iranian diplomat said.

Iran and Saudi Arabia signed a China-brokered deal in March 2023 to resume their diplomatic relations after they cut them in 2016.

The two sides reopened their respective embassies a few months later.

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