JEDDAH: 海角直播 and Slovenia are set to deepen economic ties in technology, tourism, and automotive industries following discussions at a business forum in Riyadh.
The Federation of Saudi Chambers hosted the Saudi-Slovenian Business Forum on Dec. 8, with participation from the Kingdom鈥檚 Minister of Economy and Planning Faisal Al-Ibrahim, and the European country鈥檚 Minister of Economic Development and Technology Matjaz Han.
The forum also brought together over 60 Slovenian companies from nine key sectors and a delegation from the country鈥檚 Chamber of Commerce and Industry, all seeking to tap into investment opportunities under the Kingdom鈥檚 Vision 2030 economic diversification initiative, and foster new business collaborations, according to the Saudi Press Agency.
The two countries enjoy strong trade ties, with exports from Slovenia to 海角直播 rising from $18.4 million in 1995 to $133 million in 2021, according to the Observatory of Economic Complexity trade data platform.
Al-Ibrahim highlighted progress since last year鈥檚 visit to Slovenia, including a memorandum establishing a joint business council and opening new avenues for economic cooperation and investment, SPA reported.
The Kingdom鈥檚 minister underscored the synergies between the two economies and encouraged Slovenian businesses to engage in 海角直播鈥檚 transformative Vision 2030 initiatives.
He also emphasized the vital role of the private sector and called for a sustainable roadmap for economic cooperation to unlock additional investment opportunities.
For his part, Han underlined his country鈥檚 strong export-driven economy, highlighting that exports account for 80 percent of its gross domestic product. He also emphasized the country鈥檚 expertise in the automotive industry, engineering, infrastructure, and its vibrant tech ecosystem, encompassing 2,000 companies specializing in artificial intelligence, digitization, and cybersecurity.
The Slovenian minister went on to underscore opportunities in his country鈥檚 sports and tourism sectors, encouraging Saudi investors to explore these fields.
Waleed Al-Orainan, secretary-general of the FSC, affirmed that establishing the Joint Business Council reflects both nations鈥 commitment to strengthening economic ties, remarking that trade between 海角直播 and Slovenia grew by 192 percent in 2023, reaching $230 million.
The forum featured presentations on investment opportunities in the Kingdom and Slovenia, success stories of Slovenian businesses in the Saudi market, and insights into the European country鈥檚 tourism and biotechnology sectors.
