More than 100 leading Thai brands in various sectors are scheduled to participate in the first Thai exhibition of its kind in the Kingdom to enhance trade exchange and expand investments.
Trade exchange between Saudi Arabia and Thailand reached nearly $36.8 billion over the past year, a 37 percent increase from 2021. Riyadh's exports amount to $26 billion, and imports $10.8 billion.
The Thai Embassy and the General Authority for Commerce General Authority of Foreign Trade in Riyadh will host an exhibition, with the participation of Thai brands.
The four-day event will boost trade and economic exchange between Saudi Arabia and Thailand by highlighting the two countries' strong marketing and investment relations.
The exhibition will provide a unique platform for entrepreneurs, aspiring professionals, and companies eager to tap into potential business prospects and forge partnerships.
The event will allow visitors interested in tourism and cultural exchange to explore Thailand's heritage and attractions.
It will feature interactive training workshops to provide attendees with valuable knowledge and experiences in various fields.
Saudi Arabia hosted in late 2022 the Saudi-Thai Business Forum, with the participation of more than 350 senior officials and business leaders from the Kingdom and Thailand.
The Federation of Saudi Chambers organized the event at its Riyadh headquarters. The event was attended by Thai Deputy Prime Minister and Minister of Commerce, Jurin Laksanawisit, who was visiting the Kingdom to discuss prospects for economic cooperation.
At the time, Laksanawisit revealed that his talks with Saudi officials reached positive results regarding signing three important agreements in free trade, facilitating trade procedures, and establishing a joint Saudi-Thai business council.
The official reiterated the importance of Vision 2030 led by Prince Mohammed bin Salman, Crown Prince and Prime Minister.
The Thai government and the business sector look forward to actively participating in the projects and investment opportunities offered by Saudi Vision 2030, said Laksanawisit, adding that Saudi Arabia could be a significant energy supplier to Thailand.
During the event, he called on Saudi business owners to invest in Thailand in various economic sectors and take advantage of the opportunities, the investment environment, and the facilities it provides foreign investors.
