16 - 19 September 2024  –  11th Edition
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Thai companies eye investment opportunities in Saudi market

Published 2024-01-24 09:31:07

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.

Source: Arab News 

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