Saudi Arabia’s Ministry of Investment has organized the Saudi-Greek Investment Forum in Riyadh, with an aim to discuss cooperation opportunities between the countries.
The Saudi-Greek Investment Forum aims at introducing investment opportunities and reviewing aspects of the development of the business environment in the Kingdom.
The Investment Forum had the presence of top officials from both sides including the Saudi Minister of Investment, Mr. Khaled bin Abdulaziz Al-Falih, the Greek Minister of Development and Investment, Mr. Adonis Georgiadis, the Greek Deputy Minister for economic diplomacy Mr. Kostas Fragogiannis.
Apart from this senior government officials, executive directors of several largest Saudi and Greek companies, and representatives of the private sector from both sides, were also present at the event.
In an opening speech, Saudi Arabia’s Minister of Investment stressed the importance of the strategic partnership between the two sides, noting that the volume of trade exchange between the Kingdom and Greece amounts to $1.28 billion.
During the Forum, the minister noted that tourism is a key area for cooperation between both nations as the Kingdom plans 500,000 new hotel rooms and targets 100 million visitors per year by 2030.
Further, Mr. Al-Falih confirmed that the Kingdom, through Vision 2030, has become one of the most competitive countries in the world, adding that holding the Saudi-Greek Investment Forum sets the economic and trade relations between the two countries for a new stage of growth and development towards broader horizons.
Meanwhile, several bilateral meetings between government agencies and the private sector from both sides were held on the sidelines of the forum designed to discuss investment opportunities available in the two countries in various sectors, including energy, petrochemicals, real estate development, transportation, information, and communication technology, industry, mining, tourism and others.
