Saudi-Swiss Economic Committee discusses investment, economic, trade cooperation
The 13th meeting of the joint Saudi-Swiss Economic Committee and the Saudi-Swiss Investment Forum was held here Wednesday with the attendance of Minister of Investment Eng. Khalid Bin Abdulaziz Al-Falih and Federal Councilor Guy Parmelin, head of the Federal Department of Economic Affairs, Education, and Research.
Several officials and representatives of large companies and the public and private sectors of the two countries were also present.
Along with brainstorming sessions on issues like innovation, technology, tourism, energy, and health, the forum explored the Saudi-Swiss investment, economic, and trade links, as well as business environments in the two countries.
The Saudi-Swiss Economic Committee meeting emphasized the significance of strengthening and coordinating joint efforts, broadening the scope of bilateral cooperation, taking advantage of opportunities in areas of shared interest, and providing support and incentives to investors to encourage joint economic ventures.
The meeting also discussed many topics to enhance bilateral relations. It concluded with the signing of minutes, which included the terms and programs of the joint work agreed by the two sides.
The Saudi-Swiss Investment Forum's works included presentations on business opportunities in the Kingdom, international supply chains, national industry strategy, and Swiss infrastructure expertise.
The forum saw the signing of an agreement to establish and inaugurate the first independent international company to operate and administrate hotels in the Kingdom and another agreement for a joint precious metals project, in addition to four memorandums of understanding in the tourism, hospitality, and health sectors.
The Saudi-Swiss Investment Forum concluded with bilateral meetings of the representatives of government agencies, large companies, and public and private sectors from the two countries to discuss prospects of cooperation, partnership, available investment opportunities, joint economic ventures, and expertise exchange.