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Zawya
27-02-2025
- Business
- Zawya
Saudi Arabia and Greece agree to boost trade and investment
RIYADH — The Saudi Hellenic Round Table Meeting, held in Riyadh on Wednesday, agreed to bolster the commercial and investment partnership between Saudi Arabia and Greece. The meeting explored investment opportunities in the construction sector within the Kingdom. The discussions addressed overcoming common challenges and fostering cooperation in trade and investment, thereby strengthening economic relations between the two countries. Minister of Commerce and General Authority of Foreign Trade Chairman Majed Al-Qasabi and Greek Deputy Minister of Foreign Affairs for Economic Diplomacy and Extroversion Tasos Chatzivasileiou co-chaired the meeting. Various government and private-sector entities in Saudi Arabia were represented. Participants included representatives from the Ministry of Investment, Federation of Saudi Chambers, Public Investment Fund (PIF), NEOM Company, Qiddiya Investment Company, Red Sea Global, King Salman International Airport, Diriyah Company, the New Murabba Company, AlUla Development Company, Roshn Group, and Soudah Development, alongside several Greek companies. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
26-02-2025
- Business
- Saudi Gazette
Saudi Arabia and Greece agree to boost trade and investment
Saudi Gazette report RIYADH — The Saudi Hellenic Round Table Meeting, held in Riyadh on Wednesday, agreed to bolster the commercial and investment partnership between Saudi Arabia and Greece. The meeting explored investment opportunities in the construction sector within the Kingdom. The discussions addressed overcoming common challenges and fostering cooperation in trade and investment, thereby strengthening economic relations between the two countries. Minister of Commerce and General Authority of Foreign Trade Chairman Majed Al-Qasabi and Greek Deputy Minister of Foreign Affairs for Economic Diplomacy and Extroversion Tasos Chatzivasileiou co-chaired the meeting. Various government and private-sector entities in Saudi Arabia were represented. Participants included representatives from the Ministry of Investment, Federation of Saudi Chambers, Public Investment Fund (PIF), NEOM Company, Qiddiya Investment Company, Red Sea Global, King Salman International Airport, Diriyah Company, the New Murabba Company, AlUla Development Company, Roshn Group, and Soudah Development, alongside several Greek companies.
Leaders
26-02-2025
- Business
- Leaders
Saudi Arabia, Greece Strengthen Trade Partnership at Roundtable Meeting
Saudi Arabia and Greece on Tuesday held the Saudi-Hellenic Roundtable Meeting in Riyadh, reported the Saudi Press Agency (SPA). The meeting, co-chaired by the Saudi Minister of Commerce and Chairman of the General Authority of Foreign Trade (GAFT), Majid Al-Qasabi, and the Greek Deputy Minister of Foreign Affairs, Tasos Chatzivasileiou, saw the participation of several government and private entities. The Saudi-Hellenic Roundtable Meeting aimed to strengthen the trade and investment partnerships between Saudi Arabia and Greece, and explore investment opportunities in the Saudi construction sector. It also focused on discussing ways to address common challenges and enhance cooperation in trade and investment, to further bolster bilateral economic ties. #تغطية_مرئية لاجتماع الطاولة المستديرة السعودي اليوناني في العاصمة الرياض. 🇸🇦🇬🇷 The Saudi Hellenic Roundtable Meeting, which was held in Riyadh. 🇸🇦🇬🇷 — هيئة التجارة الخارجية (@gaft_sa) February 26, 2025 Several Saudi government entities took part in the meeting, such as the Saudi Investment Ministry, the Federation of Saudi Chambers, and the Public Investment Fund (PIF). Furthermore, major companies from both countries participated in the meeting, including NEOM, Qiddiya Investment Company, Red Sea Global, King Salman International Airport, Diriyah Company, New Murabba, AlUla Development Company, ROSHN Group, Soudah Development, and King Salman Park, in addition to many Greek companies. Trade exchange between Saudi Arabia and Greece reached about $2 billion, as of the third quarter of 2024. Moreover, the trade volume between the two countries recorded a growth rate of 18.3% in the period from 2019 to 2023. Short link : Post Views: 1
Express Tribune
07-02-2025
- Business
- Express Tribune
Exhibition strengthens economic ties with Riyadh
Listen to article ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan engaged in high-level meetings with Saudi officials to enhance economic cooperation and expand trade and investment opportunities between Pakistan and Saudi Arabia. The discussions took place on the sidelines of the 'Made in Pakistan' Exhibition and Business Forum in Jeddah. During a meeting with Abdul Aziz Alsakran, Deputy Governor of the General Authority of Foreign Trade, both sides underscored the importance of increasing bilateral trade and investment. Alsakran congratulated the Pakistani government on organising a successful trade event, recognising its role in promoting Pakistani products and fostering stronger business ties between the two countries. In another key discussion, Kamal Khan met with Hassan Moejeb Al-Huwaizy, Chairman of the Federation of Saudi Chambers, to explore institutional collaboration. The minister reaffirmed Pakistan's commitment to strengthening economic partnerships and the role of business chambers in driving bilateral trade. He proposed structured Business-to-Business (B2B) networking activities to unlock new trade and investment prospects. The 'Made in Pakistan' Exhibition and Business Forum, held from February 5-7 at the Jeddah International Exhibition and Convention Centre, brought together top Pakistani companies and Saudi investors. The event provided a platform to showcase Pakistan's industrial potential and explore collaboration in key sectors. The commerce minister inaugurated Pakistan's first-ever Single Country Exhibition in Saudi Arabia, marking a significant milestone in Pak-Saudi trade relations. Addressing Saudi officials, business leaders, and diplomats, he stressed the importance of strengthening economic ties and showcasing Pakistan's diverse industrial base. "This event is a testament to the enduring relationship between Pakistan and Saudi Arabia, rooted in shared faith, cultural ties, and strategic partnership," he stated. He highlighted Pakistan's expertise in textiles, sports goods, light engineering, food, and construction materials, stressing the government's commitment to expanding trade through strategic initiatives. The minister noted Pakistan's evolving industrial base and its potential for collaboration, particularly in food security, energy, mining, and human resource development. He underscored the role of the Special Investment Facilitation Council in prioritising Saudi investments in Pakistan. Kamal Khan also acknowledged the significant contributions of the 2.7 million-strong Pakistani diaspora in Saudi Arabia. He pointed out that over 1.7 million Pakistani workers have migrated to the Kingdom in the past five years, making it the top destination for Pakistani emigrants. Highlighting Pakistan's globally renowned football manufacturing industry, the minister congratulated Saudi Arabia on securing the bid to host the 2034 FIFA World Cup. He expressed confidence that Pakistan would continue producing FIFA footballs, following its legacy of manufacturing for past tournaments. "From Brazuca to Telstar to Al-Rihla, Pakistani footballs have a rich history with FIFA. We look forward to contributing to FIFA 2034," he stated. The minister also called for deeper collaborations between Pakistani and Saudi businesses, under scoring joint ventures targeting markets in Africa, Central Asia, and the Far East. "Together, we can explore new markets and create successful trilateral partnerships, leveraging the vast experience of Pakistani entrepreneurs," he remarked. The 'Made in Pakistan' exhibition featured 137 Pakistani companies and was attended by prominent Saudi officials, diplomats, and business leaders.
