Saudi Arabia and Norway signed a memorandum of understanding (MoU) for political consultations to strengthen bilateral relations and cooperation, the Kingdom’s foreign ministry said on Tuesday.The agreement was signed during a meeting between Saudi Foreign Minister Prince Faisal bin Farhan and his Norwegian counterpart Ine Eriksen Soreide via video conference.

The MoU aims to take relations to broader horizons to serve the aspirations of both countries’ governments and people, the ministry said.

“The two countries share many areas of cooperation, most notably joint coordination in the oil and energy sector, renewable energy, climate change, investment and tourism, in addition to continuous consultation and constructive dialogue regarding developments in the Middle East and important international issues for both countries,” Prince Faisal said.

“The two countries agree on the importance of encouraging dialogue and diplomatic solutions to international crises, adherence to the principles of international law, peaceful coexistence and good neighborliness, and achieving international peace and security,” he added.

Prince Faisal called on Norwegian businesses and government agencies to contribute to Saudi Arabia’s Vision 2030 economic reform program.

“We are confident that your country will provide appropriate investment facilities for Saudi investors to invest in Norway in a way that enhances the trade and economic relations of our two countries,” Prince Faisal added.