عربي English Türkçe اردو فارسى
Logo
Latest News
Business

KSA Participates in GCC-US Trade Cooperation, SelectUSA Investment Summit

KSA Participates in GCC-US Trade Cooperation and SelectUSA Investment Summit. (SPA)
KSA Participates in GCC-US Trade Cooperation and SelectUSA Investment Summit. (SPA)
TT
TT

KSA Participates in GCC-US Trade Cooperation, SelectUSA Investment Summit

KSA Participates in GCC-US Trade Cooperation and SelectUSA Investment Summit. (SPA)
KSA Participates in GCC-US Trade Cooperation and SelectUSA Investment Summit. (SPA)

A Saudi delegation led by General Authority of Foreign Trade (GAFT) Deputy Governor for International Relations Abdulaziz bin Omar Al-Sakran, participated on Wednesday in the fifth annual GCC-US Trade and Investment Dialogue in Washington, DC, as well as the US Investment Summit (SelectUSA), the Saudi Press agency said.
The Saudi delegation comprises 22 entities from the public and private sectors.
The GCC-US Trade and Investment Dialogue serves as a platform to exchange experiences and viewpoints between officials and experts, discuss trade and investment policies in the Gulf Cooperation Council (GCC) countries and the United States, address obstacles and challenges, and identify common goals that can enhance trade cooperation between both sides.
It mainly focuses on trade and investment flows of goods and services, digital trade, consumer protection, and combating commercial fraud.
The SelectUSA Investment Summit aims to boost economic growth by facilitating connections between foreign capital and US companies, strengthening the US investment landscape, highlighting industry trends and emerging opportunities across various sectors, and connecting investors with opportunities within US companies.

Most Viewed

 
 
Business

Saudi Arabia, Canada Discuss Smart Industrial Cities

The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
TT
TT

Saudi Arabia, Canada Discuss Smart Industrial Cities

The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA
The meetings held by the Saudi Minister of Industry and Mineral Resources with Canadian ministers are aimed at strengthening industrial and mining cooperation between the two countries. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has discussed with Canadian government ministers ways to bolster industrial and mining cooperation between the two countries, opportunities for developing industrial innovation, and building an effective partnership to establish smart industrial cities in the Kingdom by leveraging Canadian expertise.

During his meeting with Canadian Minister of Innovation, Science and Industry François-Philippe Champagne, and accompanied by National Industrial Development Center Chief Executive Saleh AlSulami, Alkhorayef underscored the Kingdom's commitment to benefiting from the applications of the Fourth Industrial Revolution, particularly artificial intelligence (AI) and robotics, to develop the industrial sector and create added value, while improving production efficiency in industrial facilities.

Meeting participants discussed enhancing cooperation in the field of industrial digitization, utilizing AI technologies to improve industrial processes, and exploring opportunities for collaboration in building smart industrial cities in the Kingdom, benefiting from Canadian advancements in digital infrastructure.

The two sides also discussed collaboration between the Kingdom and Canada in the field of innovation, including the partnership between the Saudi Ministry of Education and Metax, a Canadian research organization funded by the Ministry of Innovation, Science and Industry with a focus on providing joint research opportunities for graduate and doctoral students in both countries.

During a meeting with Canadian Minister of International Development Ahmed Hussen, Alkhorayef discussed ways to enhance economic relations and non-oil trade between the two countries, given the fact that the Kingdom is the largest trading partner for Canada in the Middle East and North Africa. The ministers reviewed the role of industrial development globally in advancing communities, increasing their well-being, and improving individuals' living standards.

Alkhorayef and Canada's Mining Industry Human Resources Council (MIHR) executive director Ryan Montpellier discussed opportunities to benefit from council's expertise in workforce human capabilities development strategies in the mining sector.

The meetings held by the Minister of Industry and Mineral Resources with Canadian ministers are part of his visit to Canada, aimed at strengthening industrial and mining cooperation between the two countries, exploring mutual opportunities in both sectors, and attracting foreign investments to the Kingdom.