Latest news with #HassanAlHuwaizi
Asharq Al-Awsat
18 hours ago
- Business
- Asharq Al-Awsat
Saudi Investors Explore Investment Opportunities in Mauritania and Morocco
A high-level delegation from the Federation of Saudi Chambers is set to begin an official visit to Mauritania and Morocco on Sunday as part of efforts to strengthen economic cooperation and explore new investment opportunities. Led by Federation Chairman Hassan bin Moejeb Al-Huwaizi, the delegation includes more than 30 prominent Saudi investors, along with representatives from various government agencies. The visit will feature official meetings with ministers and senior economic officials in both countries, aimed at establishing agreements and fostering trade partnerships. The initiative aligns with the goals of Saudi Vision 2030 to diversify the national economy, enhance international economic partnerships, and attract high-quality investments into Saudi Arabia. The agenda includes presentations on investment opportunities and incentives in Mauritania and Morocco, discussions on the local business environment, and forums to connect Saudi investors with counterparts from Mauritania and Morocco across key economic sectors. The Saudi delegation hopes the visit will help open new horizons for trade and investment cooperation. Trade volume between Saudi Arabia and Mauritania reached SAR119 million, with Saudi exports comprising 99 percent of the total. Trade with Morocco stands at SAR5 billion, with imports accounting for 13 percent, reflecting significant untapped investment potential. The Federation of Saudi Chambers continues to conduct official business visits to 17 countries in recent months, in line with the Kingdom's strategic vision to expand global trade and investment ties.
Arab News
21-05-2025
- Business
- Arab News
Saudi Arabia and Kyrgyzstan announce establishment of a joint business council
BISHKEK: Saudi Arabia and Kyrgyzstan, represented by the Saudi Chambers Federation and the Kyrgyz Chamber of Commerce and Industry, announced the signing of an agreement to establish a Saudi-Kyrgyz Joint Business Council — a significant step to advance economic cooperation between the two countries. The signing ceremony took place on the sidelines of the Saudi-Kyrgyz Business Forum held on May 21 in Bishkek, the Kyrgyz capital, in the presence of Kyrgyz Minister of Economy and Commerce Bakyt Sydykov, Saudi Chambers Federation Chairman Hassan bin Muajab Al-Huwaizi, and several ministers and officials from both nations, the Saudi Press Agency reported. The forum was also attended by Saudi-Kyrgyz Business Council Chairman Ahmed Al-Dakhil, Saudi Arabia's Ambassador to Kyrgyzstan Ibrahim bin Radi Al-Radi, Kyrgyzstan's Ambassador to Saudi Arabia Ulukbek Maripov, along with more than 100 investors. The chairman of the Saudi Chambers Federation emphasized that the establishment of the joint business council is the result of sustained efforts and mutual desire, providing an effective platform for Saudi and Kyrgyz businessmen to showcase and promote their activities and build commercial partnerships, amid vast opportunities for cooperation between the two countries. The joint business forum reviewed investment opportunities, advantages, and incentives in Saudi Arabia and Kyrgyzstan across sectors including exports, healthcare, pharmaceuticals, banking, hydropower, agriculture, and technology. Bilateral meetings were also held between company representatives from both countries. Notably, the federation's delegation visits to Kyrgyzstan included a series of meetings with government and private sector officials to discuss prospects for economic cooperation and explore investment opportunities.
