The Saudi Joint Councils are preparing for investment opportunities in the knowledge economy
Business leaders for: We are working to maximize strategic partnerships and transfer industrial technologies
Dr. Kamel Al-Munajjid, head of the Saudi-Italian Business Council, confirmed to Asharq Al-Awsat that the overall comprehensive vision for the work of Saudi foreign business councils in the coming period is to double the effort to reap the largest investment opportunities that fit the Saudi orientations for the knowledge economy, expecting that the plans of the Saudi-Italian Business Council will bear fruit in the coming years. In the coming years, about maximizing the strategic partnerships between the two countries in the transfer of technology and industries, and the transfer of experiences that support Saudi tendencies to become a global economic, industrial and knowledge center.
Al-Munajjid expected that the Saudi-Italian Business Council will implement an important strategy based on enabling companies to create the largest volume of job opportunities, increase the volume of joint investments, and work to provide sufficient information about investments in general, while increasing the exchange of trade delegations, and finding joint mechanisms to enhance the flows of Trade and investments between the two countries, and expansion in the fields of health information technology, small projects, education and technical training, while taking advantage of cooperation opportunities in the Green Middle East initiative and reducing carbon emissions, looking forward to achieving a real shift in the Kingdom’s regional and international role, industrially, economically, commercially and investmently.
He pointed out that there are vital areas that the Kingdom is currently interested in, in which partnerships can be created with the Italians, including the tourism, entertainment and hotel sectors, as well as the availability of financial and economic stability and the expansion of government spending in the sectors of infrastructure, education, transportation, transportation and health, in addition to working to strengthen future strategic partnerships in Technology industries, energy sectors, cyber security, financial sector, infrastructure, design, engineering and industry, with the importance of exploring new vital partnership opportunities included in the Saudi Vision 2030.
Nasser bin Saeed Al-Hajri, Chairman of the Saudi-Omani Business Council, affirmed that the Saudi Foreign Business Council is preparing with all its efforts and support, to enhance its hoped-for role in activating trade and investment relations between the Kingdom and the countries of the world in various fields in the coming period, and to consolidate relations between the owners Business in the Kingdom and other countries, and offer investment opportunities between the two parties.
Al-Hajri believes that the new legislation regulating the work of Saudi foreign business councils in general works to encourage the establishment of economic partnerships and projects that serve the targeted sectors in industrial cities, strategic industries, technology transfer and knowledge, as well as providing all information of interest to the business sector in their future projects, which would Increase trade exchange.
On the Saudi-Omani level, Al-Hajri expected that the mutual visits between official delegations and businessmen of the two countries, and the agreements that were signed, would raise the contribution of energy, industry, petrochemical and mining companies to discuss the available and future areas of cooperation according to real needs, increase trade exchange and increase the volume of business partnerships in the two countries. In the next few years.
For his part, Dr. Amin Al-Shanqiti, Chairman of the Saudi-Irish Business Council and the former Saudi-South African Chairman of the Board of Directors of the Saudi ITAC Group, expected that the upcoming period would witness a great economic and investment movement, in light of the great legislation and reforms recently adopted by the Kingdom, to attract Qualitative investment, with the new orientation of business councils to lead this movement responsibly, in line with Vision 2030, and meets the urgent need to localize new industries and artificial intelligence, and maximize foreign trade.
Al-Shanqiti told Asharq Al-Awsat that the state has made an appreciable effort to maximize the business sector, through the Partner Program and other programs that enhance the role of business councils, to implement the desired economic, trade and investment policies in terms of diversifying the economy, strengthening the knowledge economy, transferring technology, and increasing product competitiveness. Saudi Arabia in global markets, and the ability to attract regional centers of major international companies, expecting to benefit from Irish and South African technologies, in maximizing the knowledge economy in the Kingdom.
Al-Shanqiti pointed out that the coming period will be a great opportunity to discover Saudi foreign business councils in general and new cooperation opportunities that suit the Kingdom’s directions, maximize the gross domestic product, settle modern industries, attract large investments, and create the required strategic partnerships, noting that there is unlimited Saudi support. To take advantage of the “Shareek” program to move this trend until it reaches its goals.
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