Madinah Chamber of Commerce and Canadian delegation explore investment opportunities
Saudi Gazette report
MADINAH — The Chairman of the Madinah Chamber of Commerce and Industry, Mazen Rajab, welcomed Canadian Ambassador to Saudi Arabia, Jean-Philippe Linteau, and a high-level Canadian trade delegation as part of an effort to enhance economic and investment collaboration.The visit, which took place from February 19 to 20, included a Canadian infrastructure trade mission consisting of 30 companies specializing in infrastructure, construction, smart technologies, clean technology, and creative industries.The delegation engaged with key Madinah-based organizations to explore business partnerships and investment opportunities.As part of the visit, the Canadian delegation met with senior executives from Rua Al Madinah Holding Company and Madinah Knowledge Economic City.Discussions focused on smart urban development, sustainable innovation, and new areas of economic collaboration.During their tour of the Chamber of Commerce, the delegation explored bilateral meeting halls and engaged in discussions with Saudi business leaders, highlighting investment prospects in key sectors such as construction and building materials, creative industries, arts, and culture. Ambassador Linteau praised the city's ambitious transformation plans, particularly its commitment to welcoming more pilgrims while preserving its unique identity and livability.'The transformation of Madinah to welcome more pilgrims from all over the world, while enhancing the city's livability and maintaining its peaceful character, is a remarkable endeavor,' Linteau stated.'Canadian companies offer world-class expertise in infrastructure, technology, and sustainability, and the trade mission reflects Canada's strong interest in collaboration with Madinah-based partners.'Deputy Secretary-General of the Madinah Chamber, Naif Al-Hazmi, emphasized the significance of the meeting as a key opportunity to foster trade partnerships and exchange expertise.
He reaffirmed the chamber's commitment to expanding cooperation with global markets, attracting high-value investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
7 hours ago
- Arab News
Saudi authorities pump nearly 1 million cubic meters of water to serve Hajj pilgrims
MAKKAH: Saudi water authorities have provided nearly a million cubic meters of water to serve the 1.4 million Muslim pilgrims participating in the Hajj since Wednesday. The National Water Company said that it pumped more than 980,633 cubic meters of water to key holy sites visited by pilgrims, including Makkah, Madinah, Mina, Mount Arafat and Muzdalifah. The Saudi Water Authority, a government body overseeing water operations in the Kingdom, said that providing water to pilgrims was one of its 24-hour continuous tasks during the Hajj season. On Thursday, it presented its comprehensive water supply chain plan, which begins with seawater desalination, undergoes transportation and treatment, and ends with distribution, reuse and irrigation. An interactive presentation, 'The Story of Water in Hajj,' was shown in numerous languages at the Hajj Media Hub, an integrated media center supporting journalists covering Hajj, in the Makkah Chamber Exhibition and Events Center. It showcased advanced technologies for water desalination, storage, transportation and treatment, along with smart operations and sustainability solutions, the Saudi Press Agency reported.
Saudi Gazette
a day ago
- Saudi Gazette
Saudi Arabia to host second WTO regional trade policy course in 2025
Saudi Gazette report RIYADH — The General Authority for Foreign Trade (GAFT) held a virtual meeting with the World Trade Organization (WTO) to discuss preparations for the second edition of the Regional Trade Policy Course (RTPC), scheduled to take place in the Kingdom in 2025. Deputy Governor for Shared Services Nasser Al-Dughaither, represented GAFT in the meeting. The meeting, included GAFT's Director General of Human Resources Hamoud Al-Malki and Director of Talent and Development Badr Al-Ajlan, focused on enhancing cooperation to organize the RTPC, improving the course's quality and outcomes, and developing specialized workshops for stakeholders involved in trade negotiations. These efforts aim to deepen participants' understanding of WTO agreements, rules, and procedures. Al-Dughaither emphasized that Saudi Arabia's three-year hosting of the RTPC reflects its global economic leadership, particularly in the Middle East, and aligns with national goals to empower regional trade policymakers and elevate their capacity to meet international trade standards. He expressed optimism about the upcoming edition, building on the success of the previous course, which featured robust scientific content and active participant engagement. The first edition of the RTPC was hosted in Saudi Arabia from October 13 to December 5, 2024, in partnership with King Saud University and the WTO. It saw participation from around 25 government officials representing nine countries, along with 12 Saudi government entities, covering over 24 training topics.
Saudi Gazette
a day ago
- Saudi Gazette
Saudi, Syrian ministers discuss expanding investment cooperation
Saudi Gazette report RIYADH — Saudi Minister of Investment Eng. Khalid Al-Falih held a virtual meeting on Wednesday with Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar to discuss prospects for investment cooperation between the two countries and explore promising opportunities in the Syrian market. The meeting addressed potential public-private partnerships and ways to boost strategic investments across key productive and service sectors, with the aim of supporting economic development and fostering new avenues of regional integration. Minister Al-Falih stressed the importance of creating an enabling environment for expanding regional investment partnerships, reaffirming Saudi Arabia's commitment to supporting Syria's economic stability and growth in a manner that serves mutual interests and promotes broader regional prosperity.
