Latest news with #HassanbinMoejebAl-Huwaizi
Leaders
13-02-2025
- Business
- Leaders
Saudi Arabia, Rwanda Foster Ties with Joint Business Council
Saudi Arabia and Rwanda have taken a new step towards bolstering bilateral economic cooperation by establishing a joint business council. On Thursday, the Federation of Saudi Chambers (FSC) and the Rwanda Private Sector Federation (PSF) signed an agreement to establish a Saudi-Rwandan Business Council to advance economic cooperation between both countries, reported the Saudi Press Agency (SPA). This move came during the Saudi-Rwandan Business Forum, held in Rwanda's capital, Kigali, with the participation of a high-level delegation from the FSC, led by Chairman Hassan bin Moejeb Al-Huwaizi, and 60 Saudi and Rwandan officials and investors. The Saudi-Rwandan Business Forum explored investment opportunities in Rwanda, with a special focus on the promising sectors such as tourism, mining and construction. It also discussed ways to increase trade and investment exchanges and the steps following the creation of the joint business council. MOU signed by Saudi FSC and Rwandan Private Sector Federation to establish a joint Saudi-Rwandan Business Council to promote the path of economic cooperation between Saudi Arabia and Rwanda#FSC#FSC_Delegation_to_Rwanda — اتحاد الغرف السعودية (@CSC_SA) February 13, 2025 Moreover, Saudi-Rwandan Business Forum discussed the arrangements for a Rwandan business delegation's visit to Saudi Arabia to explore opportunities and forge partnerships with Saudi investors. Furthermore, the FSC met with 4 Rwandan ministers, including the Minister of Finance and Economic Planning; the Minister of Agriculture and Animal Resources; the Minister of Trade and Industry; and the Minister of Education. The meeting took place at the Rwanda Development Board (RDB), a government institution mandated to accelerate Rwanda's economic development by enabling private sector growth. The meeting introduced to the available investment opportunities in Rwanda, in the sectors of agriculture crops, smart cities, real estate developments, as well as investment opportunities in Kigali Green City, valued at $150mn. Trade between Saudi Arabia and Rwanda is limited, which is a strong indicator of untapped investment opportunities that such visits help to explore with the aim of enhancing bilateral trade and investment. Short link : Post Views: 18
Leaders
09-02-2025
- Business
- Leaders
Saudi Business Delegation Sparks New Investment Opportunities in Africa
A high-level Saudi business delegation is to embark on a multi-nation tour in Africa on Monday, targeting Kenya, Tanzania, and Rwanda. Led by Federation of Saudi Chambers of Commerce Chairman Hassan bin Moejeb Al-Huwaizi, the group includes 25+ CEOs and government representatives. This initiative aligns with Saudi Vision 2030's goal to diversify economic partnerships across Africa's 1.3 billion-consumer market. Forums to Unlock Mutual Growth The delegation attends the Saudi-Kenyan, Saudi-Tanzanian, and Saudi-Rwandan Business Forums to foster deeper trade relations and boost bilateral investment prospects. Saudi Arabia pursues an ambitious strategy to expand economic ties with Africa by rapidly tapping into its vast consumer market. The delegation will meet ministers and private-sector leaders to address regulatory frameworks and risk reduction for investors. Kenya's Trade CS Moses Kuria emphasized aligning educational curricula with Saudi labor needs to scale worker exports to 1 million. Tanzania's Minister Ashatu Kijaji highlighted joint ventures in agro-processing and mining as priority areas. Economic Strategy Kenya, Tanzania, and Rwanda feature thriving, dynamic business environments and remarkably frequently host international summits that attract diverse global investors. Moreover, the delegation plans to engage with private sector leaders and government officials through high-level forums and interactive discussions actively. Furthermore, the delegation incorporates lessons from recent global summits, including the World Chambers Federation Africa Summit 2025 to boost strategy. Vision and Impact The visit aligns with Saudi Arabia's Vision 2030 and strengthens the kingdom's commitment to international economic diversification through robust initiatives. Business forums and strategic meetings boost investment prospects while enabling dynamic partnerships between Saudi companies and local enterprises for growth. This tour reinforces Saudi Arabia's commitment to long-term African partnerships, combining financial muscle with strategic sectoral focus. Stakeholders anticipate new MOUs to emerge, further intertwining Saudi and East African economies. Short link : Post Views: 1
