FSC explores investment opportunities with Thailand

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Riyadh — First Vice President of the Federations of Saudi Chambers (FSC) Eng. Tareq Al-Haidari on Sunday discussed with Thai Chargé d’Affaires and Head of the Diplomatic Mission at the Thai Embassy Sathana Ayudhya ways for future cooperation between the two countries, mainly in the tourism sector.

They also sought to work to enrich public and private efforts to strengthen bilateral relations, find a mechanism to increase economic and trade cooperation between the two countries, explore investment areas and opportunities available under of the Saudi Vision 2030.

This is in addition to development opportunities in Thailand, mainly in the areas of green economy, renewable energy, environment, digital transformation and cybersecurity.

Eng. Al-Haidari underscored the important role of the private sector in developing relations with other countries, benefiting from investment opportunities and overcoming obstacles hindering the establishment of joint commercial and industrial projects.

The trade volume between the Kingdom of Saudi Arabia and Thailand over the past five years (2016-2020) reached SR 130 billion, while Saudi Arabia’s non-oil exports to Thailand exceeded SR 2 billion SR in 2020.

Exports included mineral, chemical and aluminum products topping the list of top exported goods, while top import goods included cars, machinery, timber and its products. — SPA

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