At Corporate Meeting, Saudi Arabia and Thailand are set to sign investment Treaties

September 1, 2022

Saudi Arabia and Thailand agreed to sign several contracts to form a Saudi-Thai Business Council to enhance bilateral commerce.

Areej M Alturki
Areej M Alturki
Founder, Nakla

Saudi Arabia and Thailand are all set to sign multiple investments and industrial partnership agreements at this bilateral forum meeting.

The Federation of Saudi Chambers is arranging the Meet to examine and debate the investment potential present in both nations. Also, it aims to motivate industrial partnerships among the Saudi and Thai business niches.

The members participating in the forum comprise Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit and Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi. Apart from them, there will be more than 150 spokespeople of Thai organizations and several Saudi business owners. 

The formation of the Saudi-Thai Board Of trade will boost business and financial prospects between the two nations.

Approximately SAR 130 billion was spent on bilateral commerce between Saudi Arabia and Thailand between 2017 and 2021.

Bilateral commerce was worth around SAR 26.8 billion in 2021, a 29 percent increase over the preceding year.

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