Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and major powers in 2018. Saudi Arabia said at the time it had supported the sanctions, which target key areas, including oil.
But al-Jadaan said: “There is no reason for (investments) not to happen. I mean, Iran is our neighbor and has been and will continue to be for hundreds of years. So I don’t see any issue that would prevent the normalization of the relationship across investments... as long as we stick to the agreement, you know, respecting sovereign rights, not interfering in other affairs.”
He added: “I think that there are a lot of opportunities in Iran, and we provide a lot of opportunities for them.”