Saudi Arabia and Malaysia discuss trade and economic partnership in priority sectors

During his recent visit to Malaysia, Saudi Arabia’s Minister of Commerce Dr. Majid bin Abdullah Al Qasabi He met with Malaysian Prime Minister Anwar Ibrahim in the capital, Kuala Lumpur. Discussions at the meeting focused on strengthening cooperation, implementing joint government programs and exploring partnership opportunities in priority areas.

The visit was aimed at promoting bilateral trade in goods and services, strengthening economic partnerships and launching the Saudi-Malaysia Business Council.

During the meeting, Mr. Al Qasabi and Mr. Ibrahim discussed cooperation in promoting business in the two countries, boosting exports, strengthening the ability of Saudi and Malaysian companies to access global markets, and building capacity in innovation, emerging technologies and research. We talked. programs, e-commerce, etc.

Additionally, Al Qasabi and Ibrahim participated in the launch event of the Saudi Malaysian Business Council. Dr. Al Qasabi emphasized that Saudi Vision 2030 has brought about transformation in the Saudi economy.

He also highlighted the close trade ties between Saudi Arabia and Malaysia, noting that there are significant opportunities for expansion and diversification as the Kingdom aims to become a global hub for trade and logistics services.

Read: UAE and Ukraine finalize CEPA terms to expand non-oil foreign trade

During his two-day visit, Al Qasabi held a series of meetings with Malaysia’s Minister of Higher Education Dr. Zambri Abdul Kadir. Chan Li Kang, Minister of Science, Technology and Innovation; Tengku Zafrul Aziz, Minister of Investment, Trade and Industry; Malaysian Investment Development Authority (MIDA) Chairman Dr. Sulaiman Mahabob; Malaysian Trade Development Authority (MATRADE) Chairman Dato’ Seri Reesal. and Shaharul Sadri Alwi, director of the Bureau of Standards.

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