Saudi Arabia, Tajikistan Sign Agreement to Establish Joint Business Council

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi Arabia, Tajikistan Sign Agreement to Establish Joint Business Council

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

The Federation of Saudi Chambers and the Chamber of Commerce and Industry in Tajikistan signed an agreement on Monday to establish a Saudi-Tajik Business Council aimed at strengthening trade and investment relations between the two nations.

The agreement was signed in Riyadh by Chairman of the Federation of Saudi Chambers Hassan Al-Huwaizi and Chairman of the Tajik Chamber of Commerce and Industry Jamshed Jumakhonzoda. The signing ceremony was attended by Tajikistan's First Deputy Prime Minister Hokim Kholiqzoda, Saudi Minister of Investment Khalid Al-Falih, and several officials and business leaders from both countries.

The business council will engage in systematic trade and investment promotion activities across various sectors identified in the economic cooperation agenda. It will serve as a platform for Saudi and Tajik business communities to network, showcase their activities, and foster commercial partnerships.

Additionally, the council will work to open new avenues for economic collaboration, facilitate continuous interaction between the private sectors of both countries, and exchange information on market opportunities. Plans include organizing exhibitions, conferences, and trade delegation visits to enhance mutual economic ties.

This agreement marks a significant step forward in expanding bilateral economic cooperation, aligning with both nations’ goals to strengthen partnerships and explore new business opportunities.



Saudi Arabia Secures Top Spot in Arab Region, 20th Globally in QI4SD

A drone view shows the last supermoon of 2024 dubbed "Beaver Moon" during early hours of moon-rise over Riyadh, Saudi Arabia, November 15, 2024. (Reuters)
A drone view shows the last supermoon of 2024 dubbed "Beaver Moon" during early hours of moon-rise over Riyadh, Saudi Arabia, November 15, 2024. (Reuters)
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Saudi Arabia Secures Top Spot in Arab Region, 20th Globally in QI4SD

A drone view shows the last supermoon of 2024 dubbed "Beaver Moon" during early hours of moon-rise over Riyadh, Saudi Arabia, November 15, 2024. (Reuters)
A drone view shows the last supermoon of 2024 dubbed "Beaver Moon" during early hours of moon-rise over Riyadh, Saudi Arabia, November 15, 2024. (Reuters)

Saudi Arabia came first in the Arab region Middle East and North Africa in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024 released biennially by the United Nations Industrial Development Organization (UNIDO).

It also came in the 20th position globally, climbing 25 places compared to the 2022 index.

Key elements of quality infrastructure assessed in the index encompass standards, metrology, standardization, accreditation, conformity assessment, and national policies.

Saudi Standards, Metrology and Quality Authority (SASO) Governor Dr. Saad bin Othman Al-Qasbi said the positions in the index mirror the national efforts led by SASO in collaboration with the Saudi Accreditation Center and pertinent stakeholders from the public and private sectors.

These positions bolster Saudi Arabia's global standing and help achieve a more prosperous and competitive economy, he added in a statement.

Al-Qasbi praised the evolution of the Kingdom's quality system and its impact on living standards, economic growth, and business operations, which have contributed to Saudi Arabia's advancements in global rankings.

Saudi Arabia's place among the top 20 nations is testimony to its dedication to boosting quality infrastructure and refining its legal framework and regulations.