100 Thai brands intend to expand their investments in Saudi Arabia

More than 100 leading Thai brands in various sectors are scheduled to participate in the first Thai exhibition of its kind in the Saudi Arabia Kingdom, with the aim of enhancing trade exchange between the two countries and expanding investments.

The volume of trade exchange between Saudi Arabia and Thailand reached nearly $36.8 billion over the past year, an increase of 37 percent from 2021; Riyadh's exports amount to $26 billion, and imports $10.8 billion.

On Sunday, August 27, the Thai Embassy and the General Authority for Commerce in Riyadh will organize the Thai exhibition, with the participation of the Thai brand, at the Riyadh International Exhibition and Convention Center.

Economic exchange

The four-day exhibition enhances trade and economic exchange between Saudi Arabia and Thailand, by highlighting the strong trade and investment relations between the two countries.

The exhibition provides a unique platform for entrepreneurs, aspiring professionals and companies looking for lucrative business opportunities and fruitful cooperation. The exhibition provides an opportunity for visitors interested in tourism and exchange of cultures to explore the rich cultural heritage of Thailand and its attractions.

It also includes interactive training workshops aimed at providing attendees with valuable knowledge and experiences in a variety of related fields.  

Saudi-Thai Business

At the end of the previous year, Saudi Arabia hosted the Saudi-Thai Business Forum, with the participation of more than 350 senior officials and business leaders from the Kingdom and Thailand.

At the time, the Thai Deputy Prime Minister revealed that his talks with Saudi officials had reached positive results regarding the signing of 3 important agreements in the field of free trade, facilitating trade procedures and establishing a joint Saudi-Thai business council.

Vision 2030

Juren Lacasana pointed out the importance of "Vision 2030" led by the Saudi Crown Prince and Prime Minister, Prince Mohammed bin Salman, which he described as forming a strong foundation for the success and development of the Kingdom.

He expressed the aspiration of the Thai government and the business sector to actively participate in the projects and investment opportunities offered by the "Saudi Vision", adding that the Kingdom could be a major energy supplier in Thailand.

During the event, he called on Saudi business owners to invest in Thailand in various economic sectors, and to take advantage of the opportunities, the investment environment and the facilities it provides to foreign investors.