Several Thai firms are set to invest in Saudi Arabia’s Qassim region, viewing it as a promising business destination. The area stands out as a major agricultural hub, often called Saudi Arabia’s “food basket,” and serves as a critical link between Riyadh, Madinah, and Hail.
Qassim produces over a million tonnes of agricultural goods each year and hosts the Middle East’s only bauxite mine, making it notable for both farming and mining. These advantages have attracted Thai investors seeking new opportunities.
This investment drive comes as Thailand and Saudi Arabia strengthen their economic partnership, especially since restoring diplomatic ties. Bilateral trade and investment have reached $8.8 billion, with ongoing talks about a potential free trade agreement between Thailand and the Gulf Cooperation Council.
Thailand’s main exports to Saudi Arabia include automobiles, wood products, and rubber, totaling $2.8 billion, while imports are mainly crude oil and petroleum products valued at $5.56 billion.
Earlier this year, more than 100 Saudi companies visited Thailand to explore new partnerships. Discussions between leaders from both nations highlighted plans to bolster cooperation in sectors like agriculture, tourism, and manufacturing. Thai businesses in food production, health, jewelry, and cosmetics are expressing growing interest in setting up operations in Saudi Arabia.