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HomeBusinessSaudi Arabia Unveils Project to Boost Foreign Business Relations

Saudi Arabia Unveils Project to Boost Foreign Business Relations

Expansion of Business Councils to Strengthen Global Trade Ties

May 10, 2024
in Business, Vision 2030
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In an influential gathering with the leaders of Saudi Foreign Business councils, Hassan bin Mujab Al-Huwaizi, who helms the Federation of Saudi Chambers, disclosed an ambitious development initiative. This initiative is strategically designed to enhance the influence and input of business councils in realizing the objectives set out by Saudi Arabia’s Vision 2030. Furthermore, it aspires to forge robust trade and investment bonds that will amplify the involvement of the private sector in the nation’s foreign trade.

At the core of this development scheme are several key strategies, with a primary focus on expanding the network of business councils. The plan is to escalate the number of councils from their current count to a total of 70, signifying the creation of 30 additional councils. This expansion is expected to reinforce Saudi Arabia’s commercial and investment connections with over 124 countries globally, signaling a significant leap in international business relations.

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Tags: Business CouncilsForeign TradeInvestment Partnershipssaudi arabiaVision 2030
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