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Saudi Arabia: 3 Summits to Promote Partnerships With Switzerland, Brazil, India

A Saudi man walks past the sign of the Future Investment Initiative during the last day of the investment conference in Riyadh, Saudi Arabia October 25, 2018. REUTERS/Faisal Al Nasser
A Saudi man walks past the sign of the Future Investment Initiative during the last day of the investment conference in Riyadh, Saudi Arabia October 25, 2018. REUTERS/Faisal Al Nasser
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Saudi Arabia: 3 Summits to Promote Partnerships With Switzerland, Brazil, India

A Saudi man walks past the sign of the Future Investment Initiative during the last day of the investment conference in Riyadh, Saudi Arabia October 25, 2018. REUTERS/Faisal Al Nasser
A Saudi man walks past the sign of the Future Investment Initiative during the last day of the investment conference in Riyadh, Saudi Arabia October 25, 2018. REUTERS/Faisal Al Nasser

The Saudi capital will witness three bilateral summits this week to promote partnerships with each of Switzerland, Brazil, and India.

Swiss President Ueli Maurer visited Riyadh to participate in a Saudi-Swiss summit on Monday aimed at strengthening cooperation between the two countries and holding dialogue that promote the merging of positions on bilateral and international issues.

Discussions will also touch on financial issues, as Switzerland has been a regular guest in the meetings of the Finance Track of the Group of 20, which Saudi Arabia will host next year.

Saudi Arabia is an important market for Swiss financial services providers outside Europe.

Swiss financial institutions have a strong presence in Saudi markets. The Kingdom is one of Switzerland’s most important trading partners in the Middle East. In 2017, Swiss exports to Saudi Arabia amounted to CHF 8.1 billion, and imports from Saudi Arabia amounted to CHF 558 million.

Riyadh will also host a Saudi-Indian summit on Tuesday. Prime Minister Narendra Modi will visit the Kingdom to strengthen ties of friendship and promote strategic partnership.

Another high-level meeting will take place in Riyadh on Tuesday. A Saudi-Brazilian summit will define the new features of strategic relations linking the Kingdom with Latin America.

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Saudi, Thai Foreign Ministers Co-Chair First Saudi-Thai Coordination Council Meeting

The convening of this meeting underscores the advancing relations between the governments of Saudi Arabia and Thailand - SPA
The convening of this meeting underscores the advancing relations between the governments of Saudi Arabia and Thailand - SPA
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Saudi, Thai Foreign Ministers Co-Chair First Saudi-Thai Coordination Council Meeting

The convening of this meeting underscores the advancing relations between the governments of Saudi Arabia and Thailand - SPA
The convening of this meeting underscores the advancing relations between the governments of Saudi Arabia and Thailand - SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Minister of Foreign Affairs of Thailand Maris Sangiampongsa co-chaired the first meeting of the Saudi-Thai Coordination Council in Bangkok on Thursday.
The convening of this meeting underscores the advancing relations between the governments of Saudi Arabia and Thailand, aiming to enhance coordination and collaboration across various sectors to fulfill the aspirations of both nations' leaders and peoples. This aligns with the shared objectives of the Saudi-Thai Coordination Council, focusing on enhancing cooperation, connectivity, and integration between the two countries through the council and its subcommittees in areas such as politics, security, defense, energy, economy, investment, education, culture, tourism, and other mutual interests, SPA reported.
During the meeting, the co-chairs reviewed the bilateral relations and emphasized the significance of sustained joint efforts between the two friendly nations. They expressed contentment with the outcomes of the committee sessions, which produced over 70 joint initiatives spanning various fields.
They highlighted the importance of upholding and advancing the council's work and collaboration among its committees while reinforcing coordination to amplify its effectiveness as an institutional mechanism framing bilateral cooperation. They also underscored the importance of implementing the recommendations and initiatives of the committee heads with the support of the council's general secretariat, looking forward to the upcoming second council meeting in Saudi Arabia.
At the conclusion of the meeting, the two ministers signed the minutes of the first meeting of the Saudi-Thai Coordination Council.
Following the meeting, the two sides signed a cooperation program between the Saudi Ministry of Foreign Affairs, represented by the Prince Saud Al-Faisal Institute for Diplomatic Studies, and the Thai Ministry of Foreign Affairs, represented by the Devawongse Varopakarn Institute of Foreign Affairs (DVIFA).