COUNCIL OF SAUDI CHAMBERS: Saudi Council of Chambers is preparing to hold the Saudi-UAE Economic Forum January 31

Council of Saudi Chambers issued the following announcement on Jan. 15.

The Saudi Council of Chambers and the Joint Federation of Chambers of Commerce and Industry of the United Arab Emirates and the Abu Dhabi Chamber of Commerce and Industry are preparing to hold the second Saudi-Emirati Economic Forum on 31 January at the Movenpick Hotel in Riyadh, Saudi Arabia. Eng. Sultan bin Saeed Al Mansouri, with the participation of a wide range of Saudi and Emirati business owners.

The forum is an extension of the UAE-Saudi Business Forum which was held in Abu Dhabi in October 2017 under the theme "Ma'an_Abda" with the participation of a wide range of ministries, officials and business sectors in both countries. Among the recommendations of the forum is that the forum will be held every two years to contribute to achieving its objectives Businessmen in both countries and work to find solutions to overcome the challenges that may limit the development of Saudi-UAE trade and investment exchange.

The Saudi Economic Forum is one of the outcomes of "Khalwa Al Azem" between the Kingdom and the UAE. It aims to enhance trade, economic and investment cooperation, strengthen ties and open new channels of investment that contribute to diversifying sources of income, attracting value added investments to the economy and increasing non-oil exports. Between the two countries.

The Council of Saudi Chambers is currently preparing intensive preparations for the Saudi-UAE Economic Forum, which is expected to witness great participation by businessmen from both sides. The forum will begin with an opening session followed by the agenda of the economy, projects and investment opportunities between the Kingdom of Saudi Arabia and the United Arab Emirates.

It is worth mentioning that the Kingdom and the United Arab Emirates are associated with distinguished economic relations and effective institutional frameworks such as the Saudi-Saudi Coordination Council, which was established in May 2016. Its functions include enhancing cooperation and joint work between the two countries in various fields, including the economic aspect.

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