Thailand and Saudi Arabia have agreed to fund the Thai-Saudi Business Forum, promote trade fairs in both countries, and share useful trade and investment information.
The Thai Chamber of Commerce (TCC) president, Sanan Angubolkul, has invited Saudi companies to participate in the THAIFEX – Anuga Asia exhibition, which will be held in Thailand from May 24 to 28.
The two sides also agreed to make business easier in order to attract more investment and proposed that the Thailand-Saudi Arabia Free Trade Agreement be established soon.
Furthermore, Saudi companies expressed an interest in importing Thai construction materials, automobiles and spare parts, and fruits.
Saudi Arabia has stated that it wishes to improve tourism connectivity, particularly in the field of medical tourism.
The Middle Eastern kingdom receives an average of 20 million tourists per year and hopes to reach 100 million by 2030. The Saudi economy expanded by 9.6 percent in the first quarter.