Thai-Saudi Investment Roadshow Yields 100 Partnerships
The recent investment roadshow in Saudi Arabia led to 100 new partnerships between Thai and Saudi entrepreneurs. The event, part of a three-day forum that ended on July 15, aims to strengthen bilateral trade and investment. Key sectors such as electric vehicles, food processing, medical devices, and renewable energy were highlighted for collaboration.
The recent investment roadshow in Saudi Arabia successfully resulted in 100 partnerships between Thai and Saudi entrepreneurs, as confirmed by the Board of Investment (BoI).
Held during a three-day Saudi-Thai investment forum that concluded on July 15, the collaboration aims to bolster bilateral trade and investment.
Narit Therdsteerasukdi, BoI secretary-general, highlighted that last year's trade between the two nations amounted to one dollar 8.8 billion, accounting for nearly 22% of Thailand's total trade with the Middle East.
He emphasized that both Thailand and Saudi Arabia serve as key business hubs in their respective regions and encouraged Saudi investors to expand their businesses into ASEAN via Thailand.
The Regional Comprehensive Economic Partnership (RCEP), effective since January 1, 2022, includes 15 member countries and provides a strategic advantage.
Thailand focuses on crucial industries like electric vehicles, food processing, medical devices, and renewable energy.
Additionally, the Srettha Thavisin government supports the Land Bridge project, which aims to connect Ranong on the Andaman Sea to Chumphon on the Gulf of Thailand through a network of deep-water ports, motorways, and railways.
During the roadshow, 11 memorandums of understanding were signed covering various sectors including energy, infrastructure, engineering, agriculture, and forestation, demonstrating significant potential for future collaboration.
Held during a three-day Saudi-Thai investment forum that concluded on July 15, the collaboration aims to bolster bilateral trade and investment.
Narit Therdsteerasukdi, BoI secretary-general, highlighted that last year's trade between the two nations amounted to one dollar 8.8 billion, accounting for nearly 22% of Thailand's total trade with the Middle East.
He emphasized that both Thailand and Saudi Arabia serve as key business hubs in their respective regions and encouraged Saudi investors to expand their businesses into ASEAN via Thailand.
The Regional Comprehensive Economic Partnership (RCEP), effective since January 1, 2022, includes 15 member countries and provides a strategic advantage.
Thailand focuses on crucial industries like electric vehicles, food processing, medical devices, and renewable energy.
Additionally, the Srettha Thavisin government supports the Land Bridge project, which aims to connect Ranong on the Andaman Sea to Chumphon on the Gulf of Thailand through a network of deep-water ports, motorways, and railways.
During the roadshow, 11 memorandums of understanding were signed covering various sectors including energy, infrastructure, engineering, agriculture, and forestation, demonstrating significant potential for future collaboration.
