“In response to the noble initiative of His Excellency President Xi Jinping, President of the People’s Republic of China, of China’s support for developing good neighborly relations between the Kingdom of Saudi Arabia and the Islamic Republic of Iran,” a statement carried by Saudi state news agency SPA said.

“The three countries announce that an agreement has been reached between the Kingdom of Saudi Arabia and the Islamic Republic of Iran.

“That includes an agreement to resume diplomatic relations between them and re-open their embassies and missions within a period not exceeding two months, and the agreement includes their affirmation of the respect for the sovereignty of states and the non-interference in internal affairs of states,” the statement said.
The agreement came following talks that took place from Monday, March 6 to Friday, March 10 in Beijing, SPA reported.

The two are committed to a meeting between ministers of foreign affairs of both countries to implement the agreement, arrange for the return of their ambassadors and discuss means of enhancing bilateral relations.

Riyadh and Tehran also agreed to activate the security cooperation agreement signed in 2001 and the trade, economy and investment agreement signed in 1998, according to the agreement text.

The agreement was signed by Iran’s top security official, Ali Shamkhani, and Saudi Arabia’s national security adviser Musaed bin Mohammed Al-Aiban.

“The Kingdom’s leadership welcomes the initiative of His Excellency President Xi Jinping, based on the Kingdom’s consistent and continuous approach since its establishment in adhering to the principles of good neighborliness, taking everything that would enhance security and stability in the region and the world, and adopting the principle of dialogue and diplomacy to resolve differences,” Al-Aiban said.

“While we value what we have reached, we hope that we will continue to continue the constructive dialogue, in accordance with the pillars and foundations included in the agreement, expressing our appreciation for the People’s Republic of China’s continued positive role in this regard,” he added.

Saudi Arabia's foreign minister Prince Faisal bin Farhan said on Twitter: “The resumption of diplomatic relations between Saudi Arabia and Iran stems from the Kingdom's vision based on preferring political solutions and dialogue, and its keenness to perpetuate this in the region.”

He continued: “The countries of the region have one destiny and common denominators that make it necessary for us to join together to build a model of prosperity and stability for our peoples to enjoy.”

Director of China's Office of the Central Foreign Affairs Commission, Wang Yi, said the talks were a victory for dialogue and peace.

“This is a victory for dialogue, a victory for peace, offering major good news at a time of much turbulence in the world,” the Chinese foreign ministry cited Wang as saying at the close of the dialogue.

“As a good-faith and reliable mediator, China has faithfully fulfilled its duties as the host,” Wang said.

China would continue to play a constructive role in handling issues in the world and demonstrate its responsibility as a major nation, he added.