Saudi Arabia, Switzerland Sign MoU to Bolster Tourism Collaboration

The Saudi Tourism Authority has signed an MoU with Switzerland Tourism. SPA
The Saudi Tourism Authority has signed an MoU with Switzerland Tourism. SPA
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Saudi Arabia, Switzerland Sign MoU to Bolster Tourism Collaboration

The Saudi Tourism Authority has signed an MoU with Switzerland Tourism. SPA
The Saudi Tourism Authority has signed an MoU with Switzerland Tourism. SPA

The Saudi Tourism Authority (STA) has signed an MoU with Switzerland Tourism to bolster collaboration in the tourism sector.
CEO and Board Member of the STA Fahd Hamidaddin and Director GCC at Switzerland Tourism Livio Gotz signed this agreement at the Saudi Tourism Authority headquarters.

Swiss Federal Councillor and Head of Economic Affairs, Education, and Research Guy Parmelin and Swiss Ambassador to Saudi Arabia Yasmine Chatila Zwahlen attended the ceremony.

This MoU, a first-of-its-kind between the two tourism entities, aims to foster the development of the tourism industry, mutual promotion, and enable collaborative tourism projects between Saudi Arabia and Switzerland, setting a new precedent for international tourism cooperation.

A key aspect of this partnership is identifying joint marketing initiatives that highlight the unique attractions of each country. Special attention will be given to specific tourism sectors such as marine activities, culture and heritage, and rural tourism, through combined marketing efforts to attract travelers seeking unique experiences. This strategic promotion aims to highlight both Saudi Arabia and Switzerland as leading destinations for tourism that gratify every tourist, the Saudi Press Agency reported on Thursday.

Additionally, STA and Switzerland Tourism will work together to utilize the latest technology in the industry to promote a more seamless travel journey for visitors. This will be achieved through amplified cooperation between local tourism agencies and operators, providing opportunities for further partnerships and value between Saudi Arabia and Switzerland, SPA said.



European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
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European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)

European Commission chief Ursula von der Leyen said on Saturday European companies were signing more than 20 new deals or MOUs worth a total of more than 40 billion euros ($42.85 billion) at the Egypt-EU Investment Conference, Reuters reported.
The joint Investment Forum, which takes place in Cairo on 29th and 30th of June, is a first key deliverable of the Egypt-EU Strategic and Comprehensive Partnership agreed by the presidents of the EU and Egypt, Abdel Fattah al-Sisi, in March 2024.
The Partnership covers political relations, economic stability, investments and trade, migration and mobility, security and demography, and human capital.

The Conference will bring together some 1,000 participants, including Egyptian and EU Ministers, senior officials, European financial institutions and CEOs from a wide range of sectors from both the EU and Egypt.