The Saudi-Spanish Committee holds its third session in Madrid. 3 prominent topics were discussed

Today, Thursday, will be held in Madrid the third session of the Saudi-Spanish Joint Committee (SSJC), which was established in 2007 and aims to improve and increase coordination and cooperation in various sectors between the two countries. Spain.

The Minister of Economy and Planning, chairman of the committee, Faisal bin Fadhel Al-Ibrahim, said in a press statement today: “International partnerships are a key factor in accelerating sustainable economic development, as this committee represents a strategic opportunity to develop closer and deeper bilateral relations between the two kingdoms, and in light of the Saudi Vision 2030, the Kingdom of Saudi Arabia is committed to By continuing its role within the international community and promoting foreign direct investment to support the diversification of the economy and the achievement of common and comprehensive interests .
He added: “Through investment, cultural exchange and transfer of knowledge and technology, we will enable greater opportunities for cooperation and the huge potential of Saudi Arabia and its fast-growing economy, and we strive, with our deep partnership with Spain, foreign investment and trade cooperation to achieve the ambitions pursued by all.”

The course program covers various topics, including 3 activities: holding the Saudi-Spanish Investment Forum, holding the first meeting of the Saudi-Spanish Business Council and a number of bilateral meetings and field visits.

The volume of trade exchanges between Saudi Arabia and Spain was 20.3 billion riyals at the end of 2021, with Saudi exports of 11.4 billion riyals, while imports from Spain amounted to 8.9 billion riyals, according to data from the General Authority for Statistics .

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