Thai companies eye investment opportunities in Saudi market
Abdulaziz Alsakran, deputy governor of
international relations at GAFT, highlighted the
efforts of both countries in boosting trade ties. He said those efforts have
resulted in “effective and key partnerships, positioning Saudi Arabia as
Thailand’s second (top) trading partner in the region.”
“Saudi Arabia is a very important friend of Thailand in the Middle
East. With the restoration of full diplomatic ties in January 2022, both sides
have been exchanging visits of high-level government officials and business people
forging closer friendships with one another.
Investors from Saudi Arabia are enthusiastic about venturing into
new opportunities, and Thailand is widely recognized among people from the
Middle East for its exceptional culinary offerings and reputation in the field
of medical tourism.
The trade volume between our two countries has been on an upward
trajectory reaching around $10 billion in 2022.