European Chamber of Commerce looks to expand trade and investment with Saudi Arabia

European Chamber of Commerce looks to expand trade and investment with Saudi Arabia

RIYADH: The European Chamber of Commerce in Saudi Arabia said economic relations between the EU and Saudi Arabia are entering a new phase of expansion, driven by new partnerships, more European companies entering the Kingdom’s market, and deeper investment commitments, as the chamber seeks to broaden the base of European companies operating in Saudi Arabia and increase bilateral trade and investment.

“There is real momentum to build on, and it points clearly toward more European investment landing in the Kingdom,” said Kristijonas Gedvilas, CEO of the European Chamber of Commerce in Saudi Arabia, noting that the coming years are expected to bring a significant step forward in economic relations between the two sides.

In an interview with Asharq Al-Awsat, he said the upcoming 10th EU-GCC Business Forum, if confirmed to take place in Riyadh, would mark a key milestone in strengthening the economic partnership and converting high-level political dialogue into tangible trade and investment opportunities for European companies.

Deepening institutional dialogue