The Saudi-Portuguese Business Council, chaired by Alwaleed bin Khaled Al-Baltan, has wrapped up a successful visit to Portugal, achieving notable advancements in strengthening economic ties between the two countries.
During the visit, the delegation held discussions with key Portuguese officials, including the Ministers of Economy, Agriculture, Parliamentary Affairs and Sports, Infrastructure and Housing, as well as the Mayors of Porto and Leiria.
The delegation also held meetings with officials from the sports and aviation sectors, underscoring the wide-ranging potential for collaboration. Additionally, the delegation met with Saudi Arabia’s Ambassador to Portugal, Prince Saud bin Abdul Mohsen bin Abdulaziz, to discuss the outcomes of the visit.
In Lisbon, workshops were organized to introduce Portuguese companies to investment opportunities in Saudi Arabia. With participation from Al-Hawaishel Law Firm and Bank AlJazira, these sessions detailed the Kingdom’s investment systems, incentives, and financing solutions.
The delegation visited several prominent Portuguese firms specializing in ports, marine warehouses, real estate, technology, media, tourism, transportation, and infrastructure. Notably, Microsaur, a technology solutions and protection systems company, and Etermar, a specialist in port operations, announced plans to establish regional headquarters in Saudi Arabia. Additionally, more than 260 Portuguese companies expressed readiness to enter the Saudi market.
A key highlight of the visit was the signing of a tripartite framework agreement between the Saudi-Portuguese Business Council, the Arab-Portuguese Chamber of Commerce and Industry, and the Portuguese Business Council. The agreement aims to enhance economic relations and explore potential collaborations in sectors such as aviation, tourism, sports investment, media, education, healthcare, agriculture, and fish farming.
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