To attract the largest number of companies.. A European Gulf Chamber is born

The first Gulf-European Chamber of Commerce was opened in Riyadh today, and will provide key priorities for enhancing economic cooperation between the European Union, Saudi Arabia, and all Gulf countries.

The European Chamber of Commerce in Saudi Arabia will grant market access to member companies, and provide opportunities for companies between the two countries. According to the official website of the Chamber itself, it noted that “our sectoral committees effectively address various comprehensive and industry-specific issues, and provide essential insights and recommendations to improve access to business markets.” European Union, and contribute to the long-term economic prosperity of Saudi Arabia,” according to the statement.

In addition, the number of European companies that obtained licenses to move their regional headquarters to the Saudi capital, Riyadh, reached about 300 companies as part of Saudi Arabia’s plan to attract 480 foreign companies, as the Ministry of Investment wants to attract the regional headquarters of international companies to move their regional headquarters to Saudi Arabia by providing relocation services such as offices. Temporary accommodation, apartments or villas, and facilitating arrival procedures.

At the time when the work of the Saudi-European Investment Forum was launched, the Minister of Investment, Engineer Khalid Al-Falih, revealed that the volume of intra-regional trade last year reached about 80 billion euros ($84 billion) compared to the previous year, representing an annual growth of 30 percent, between the Union and the European Union. European and Saudi Arabia. (Arabic)