Saudi-EU collaboration key in Kingdom’s economic transitions, says investment minister｜Arab News Japan

By Carolyne Adalla On Oct 23, 2023

RIYADH: Saudi-EU coordination has a key role to play in the Kingdom’s ongoing economic transitions, as the Gulf nation is uniquely positioned to meet Europe’s needs “like no other,” said Minister of Investment Khalid Al-Falih.

During the opening remarks of a business forum in Riyadh, Al-Falih emphasized the opportunities for investment and trade cooperation between the Kingdom and Europe.

“I am convinced there is still immense potential for expanding our partnership further, especially in terms of scale, diversity, and quality of our outbound and inbound investments,” he said at the commencement of the Saudi-EU Investment Forum on Monday.

Al-Falih stated that for European companies trying to navigate this period of challenging transitions, “the Kingdom offers unmatched political and economic stability.”

The minister highlighted that over 1,300 companies from EU member countries have invested in Saudi Arabia while emphasizing that “important Saudi investors are (present) in most EU countries.”

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