Riyadh Welcomes the Inauguration of the European Chamber of Commerce in Saudi Arabia
In a momentous occasion, the European Chamber of Commerce in Saudi Arabia was officially launched in Riyadh, drawing in a crowd of distinguished guests. Among the attendees were Ibrahim Al-Mubarak, Luigi Di Maio, and Christophe Farnaud, all key figures in the EU’s diplomatic and economic landscape.
A Platform for Business Cooperation and Economic Growth
The chamber’s primary objective is to serve as a platform for fostering business cooperation, promoting trade and investment, and aligning regulatory frameworks. This initiative comes as a significant step in strengthening economic ties between the EU and Saudi Arabia, in line with the strategic partnership announced in May 2022.
A New Chapter in EU-Saudi Relations
Luigi Di Maio expressed his optimism about the establishment of the ECCKSA, highlighting its potential to bring European and Saudi economies closer together. He emphasized the importance of joint ventures, trade, and investments, foreseeing substantial progress in the coming months and years.
Paving the Way for Economic Diversification
Ibrahim Al-Mubarak underscored the alignment of ECCKSA’s initiatives with Saudi Arabia’s Vision 2030, opening up new business opportunities in non-oil sectors. The chamber is expected to play a pivotal role in enhancing cross-border trade, investment, and collaboration between the EU and the Kingdom.
Shaping the Future of EU-KSA Business Collaboration
The launch event featured a panel discussion on the anticipated impact of ECCKSA on European and Saudi business communities. Experts explored strategies for deepening economic ties and discussed new opportunities for partnership, setting the stage for a dynamic and prosperous future.
Dedicated to Strengthening Economic Ties
Kristijonas Gedvilas, CEO of ECCKSA, emphasized the chamber’s dedication to building a vibrant business ecosystem that supports a shared vision. With a focus on expanding membership, engaging businesses, and fostering growth and innovation, ECCKSA aims to advance initiatives that benefit both regions economically.