Latest news with #CarlosCuerpoCaballero
Leaders
22-05-2025
- Business
- Leaders
Saudi Arabia, Spain Bolster Economic Cooperation
Saudi Arabia and Spain have boosted their economic cooperation by signing a new agreement to enhance bilateral relations, according to the Saudi Press Agency (SPA). On Wednesday, the Saudi Ministry of Economy and Planning and the Spanish Ministry of Economy, Trade and Business signed a memorandum of understanding (MoU) to foster expertise exchange and economic relations between Saudi Arabia and Spain. On the sidelines of the fourth session of the Saudi-Spanish Joint Commission, held in Riyadh, the Saudi Minister of Economy and Planning, Faisal Alibrahim, and the Spanish Minister of Economy, Trade, and Business, Carlos Cuerpo Caballero, represented the two countries during the signing ceremony. The MoU focuses on coordinating efforts in the fields of economic modeling and policymaking, supporting small and medium enterprises (SMEs) through partnerships and joint programs, and streamlining joint projects and bilateral participation in economic events. It also aims to exchange information and statistics related to industry, technology and innovation to achieve sustainable development goals and the objectives of Saudi Vision 2030. The fourth session of the Saudi-Spanish Joint Commission discussed the current and upcoming initiatives, focusing on strengthening economic, social and cultural relations between Saudi Arabia and Spain and expanding bilateral cooperation across various sectors. The Saudi-Spanish Joint Commission aims to bolster a prosperous future partnership, rooted in mutual economic interests, in addition to boosting trade and investment ties between both countries. Short link : Post Views: 1
Economy ME
22-05-2025
- Business
- Economy ME
Saudi Arabia and Spain partner to boost joint projects, economic collaboration
The Ministry of Economy and Planning of Saudi Arabia and the Ministry of Economy, Trade, and Business of Spain signed a memorandum of understanding (MoU) to exchange expertise and strengthen economic relations between the two countries. The agreement, SPA reported, was signed by Saudi Minister of Economy and Planning Faisal Alibrahim and Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero. This MoU outlines several areas of cooperation, including coordination in economic modeling and policymaking, support for small and medium-sized enterprises (SMEs) through joint partnerships and programs, and the facilitation of joint projects and participation in economic events. Additionally, it includes the exchange of information and statistics in fields such as industry, technology, and innovation, aligning with the goals of sustainable development and Saudi Vision 2030 . Read more: Saudi Arabia's minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement Key trade figures As of 2024, the bilateral trade between Saudi Arabia and Spain has demonstrated significant activity, with Spain exporting a diverse range of goods to Saudi Arabia. The total exports for 2024 are approximately $1.5 billion. Major export categories include machinery, nuclear reactors, and boilers, valued at $396.84 million; electrical and electronic equipment at $175.14 million; articles of iron or steel at $127.93 million; vehicles (excluding railway and tramway) at $102.42 million; vegetable, fruit, and nut food preparations at $119.50 million; pharmaceutical products at $78.18 million; and essential oils, perfumes, and cosmetics at $85.03 million. In 2023, the trade volume was lower; however, the growth trajectory indicates a robust increase in exports as Spain strengthens its economic ties with Saudi Arabia. Projections for 2025 suggest continued growth, particularly in technology and renewable energy sectors, aligning with Saudi Arabia's Vision 2030 initiative, which emphasizes the diversification and modernization of its economy.
Asharq Al-Awsat
22-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, Spain to Strengthen Cooperation and Diversify Economic Relations
The Saudi Ministry of Economy and Planning and the Spanish Ministry of Economy, Trade, and Business have signed a memorandum of understanding (MoU) to exchange expertise and enhance economic relations between the two countries. The MoU was signed on Wednesday by Saudi Minister of Economy and Planning Faisal Alibrahim and Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero in Riyadh. The deal outlines areas of cooperation including the coordination of efforts in economic modeling and policymaking, supporting small and medium-sized enterprises (SMEs) through joint partnerships and programs, and facilitating joint projects and bilateral participation in economic events. It also covers the exchange of information and statistics in areas such as industry, technology, and innovation, in alignment with the goals of sustainable development and Saudi Vision 2030.
Zawya
22-05-2025
- Business
- Zawya
Saudi Arabia, Spain sign deal to enhance economic relations
RIYADH — The Saudi Ministry of Economy and Planning and the Ministry of Economy, Trade, and Business of Spain signed on Wednesday a memorandum of understanding (MoU) to exchange expertise and enhance economic relations between the two countries. The MoU was signed by Saudi Minister of Economy and Planning Faisal Alibrahim and the visiting Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero. The deal outlines areas of cooperation including the coordination of efforts in economic modeling and policymaking, supporting small and medium-sized enterprises (SMEs) through joint partnerships and programs, and facilitating joint projects and bilateral participation in economic events. It also covers the exchange of information and statistics in areas such as industry, technology, and innovation, in alignment with the goals of sustainable development and Saudi Vision 2030. During their meeting, Alibrahim and Caballero discussed the agenda of the fourth session of the Saudi-Spanish Joint Commission, as well as recent regional and global economic developments of mutual interest. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
21-05-2025
- Business
- Saudi Gazette
Saudi Arabia, Spain sign MoU to enhance economic relations
Saudi Gazette report RIYADH — The Saudi Ministry of Economy and Planning and the Ministry of Economy, Trade, and Business of Spain signed on Wednesday a memorandum of understanding (MoU) to exchange expertise and enhance economic relations between the two countries. The MoU was signed by Saudi Minister of Economy and Planning Faisal Alibrahim and the visiting Spanish Minister of Economy, Trade, and Business Carlos Cuerpo Caballero. The deal outlines areas of cooperation including the coordination of efforts in economic modeling and policymaking, supporting small and medium-sized enterprises (SMEs) through joint partnerships and programs, and facilitating joint projects and bilateral participation in economic events. It also covers the exchange of information and statistics in areas such as industry, technology, and innovation, in alignment with the goals of sustainable development and Saudi Vision 2030. During their meeting, Alibrahim and Caballero discussed the agenda of the fourth session of the Saudi-Spanish Joint Commission, as well as recent regional and global economic developments of mutual interest.
