Saudi Minister of Commerce Dr. Majid Al-Qasabi held talks in Kuala Lumpur on Tuesday with Malaysian ministers with the aim of strengthening the economic partnership.
The officials included Minister of Entrepreneurship Development, Minister of Entrepreneur Development and Cooperatives Ion Benedick, Minister of Agriculture and Food Security Mohamad Sabu, and Minister of Works Alexander Nanta Linggi.
Saudi Deputy Minister of Commerce and CEO of the National Competitiveness Center Dr. Iman bint Habas Al-Mutairi and Saudi Ambassador to Malaysia Musaed bin Ibrahim Al-Saleem were also present at the meeting.
Discussions focused on Malaysia's experience in supporting small and medium enterprises, as well as cooperation in training, knowledge transfer, innovation, and sustainability.
The meeting was part of a working visit by a Saudi delegation that included 30 officials from the public and private sectors. The visit aimed to boost bilateral trade in products and services and increase the economic partnership between Saudi Arabia and Malaysia. The delegation also participated in the launch event of the Saudi-Malaysian Business Council.
On the first day of the visit, Dr. Al-Qasabi discussed the facilities provided to businesses in both countries with Malaysian officials. He highlighted the Kingdom's efforts to become a global center for trade and logistics services.
Discussions also covered cooperation in building capabilities in innovation, emerging technologies, research programs, and e-commerce.
Additionally, meetings with the Malaysian business sector focused on reforms and legislation related to the business environment, facilities, and advantages that encourage economic activities in the Kingdom and promising opportunities for bilateral partnerships between the two countries' business sectors.
The delegation included senior officials from Saudi government agencies, including the ministries of trade, investment, education, industry and mineral resources, environment, water and agriculture, rural municipal affairs and housing, the Saudi Standards, Metrology and Quality Organization, and the General Authority for Small and Medium Enterprises "Monsha'at".
It also included officials from the Saudi Data and Intelligence Authority, Saudi Export Development Authority, National Competitiveness Center, Saudi Center for Economic Business, and Federation of Saudi Chambers, which was represented by several businessmen of national companies from the business sector.
