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Wednesday, October 30, 2024

The Emirati-Saudi Business Council discusses increasing intra-regional trade

The Emirati-Saudi Business Council discusses increasing intra-regional trade

Dr. Ali bin Harmal Al Dhaheri, Chairman of the Emirati side of the Emirati-Saudi Business Council, Member of the Board of Directors of the Federation of Emirates Chambers and First Vice President of the Abu Dhabi Chamber of Commerce and Industry, and Abdul Hakim Al Khalidi, Chairman of the Saudi side of the Emirati-Saudi Business Council, participated in the meeting, in the presence of business owners who are members of the Council from both countries.

Dr. Ali Al Dhaheri confirmed, in his speech during the meeting, that the current Emirati-Saudi Business Council meeting comes as a result of the efforts and support of the leadership of the two countries to advance economic and trade relations, and open new channels to conclude effective partnerships between Emirati and Saudi companies, in order to achieve the hopes and aspirations of the two brotherly countries, according to what was reported. Emirates News Agency “WAM”.

He said that United Arab Emirates The Kingdom of Saudi Arabia and the Kingdom of Saudi Arabia have close cooperative relations built on solid foundations of brotherhood and affection, which is also reflected in commercial relations, in light of the common desire of the business sectors of the two countries to enter into alliances and partnerships that raise the rate of trade exchange between them.

He explained that the Emirati private sector, in its external relations, is based on the principle of openness and achieving mutual interests, which contributes to expanding opportunities for cooperation according to clear frameworks and vision that meet its ambitions to achieve sustainable development in the Emirates, in addition to its keenness to put its relations with the Saudi private sector on a distinguished path. With commercial and investment activity and fruitful cooperation.

He pointed out that the Federation of Emirates Chambers considers the Joint Emirati-Saudi Business Council a communication platform that helps business owners and investors explore the Emirati and Saudi business environments and the investment opportunities they offer in various joint sectors, to move forward according to a well-thought-out program that strengthens the bonds of communication between the Emirati and Saudi business communities and overcome… Challenges that may be faced in the future.

He explained that partnerships and joint projects represent the cornerstone of UAE-Saudi trade relations, expressing confidence and a common desire to raise the levels of trade exchange in line with the ambitions of the two countries.

Humaid Mohammed bin Salem, Secretary-General of the Federation of Emirates Chambers, confirmed that today’s meeting is considered an episode of the series of joint economic work between business owners and investors in the two brotherly countries, indicating the necessity of forming work teams from members of the Council to study and develop the work system and joint investment opportunities in a way that achieves the interests of the sector. private.

The meeting highlighted the role of Emirati-Saudi business partnerships in entering foreign markets, and the role of the Emirati-Saudi Business Council in the Emirati-Saudi Coordination Council.



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