Bank Of Baku

One of Saudis Princes Cancels Planned Investments in Iran

One of Saudis Princes Cancels Planned Investments in Iran
# 05 January 2016 23:27 (UTC +04:00)

Baku-APA. Billionaire Saudi Prince Alwaleed bin Talal said Tuesday he had stopped considering any projects or investments in Iran, amid a Tehran-Riyadh diplomatic row, APA reports quoting Sputnik.

 

Alwaleed did not elaborate the details of the cancelled investment plans.

 

​Saudi Arabia severed diplomatic relations with Iran on Sunday after its embassy in Tehran was stormed by protesters. The attack was triggered by the Sunni-ruled kingdom’s execution of a prominent Shiite cleric.

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