Leading Saudi and European Companies Discuss Opportunities for Sustainable Business Cooperation
Riyadh – Asdaf News:
Leading companies from the European Union and the Kingdom of Saudi Arabia convened today in Riyadh for the EU–KSA Roundtable Consultation on Sustainable Business Cooperation, a high-level meeting dedicated to advancing practical collaboration between European and Saudi private sector engaged in sustainability-focused sectors.
The consultation took place on the occasion of the visit of H.E. Ms. Dubravka Šuica, European Commissioner in charge of EU relations with Mediterranean and the Gulf, held under the auspices of the Delegation of the European Union to the Kingdom of Saudi Arabia, and organised by the EU–GCC Cooperation on Green Transition Project in collaboration with the European Chamber of Commerce in Saudi Arabia (ECCKSA).
The meeting brought together senior representatives from leading companies active in circular economy, water technologies, clean energy, sustainable manufacturing, environmental innovation, and advanced materials. Participants explored opportunities for joint investment, technology deployment, and regional cooperation, underscoring a shared commitment to support EU and Saudi businesses in working together on sustainable initiatives across the region.
The discussion reflected the strong alignment between Saudi Vision 2030 and the EU’s Green Deal, recognising the private sector as the engine of long-term sustainable growth. The forthcoming EU–Saudi Arabia Strategic Partnership Agreement—expected to reinforce cooperation on clean technologies, industrial innovation, and emerging sustainable value chains—was identified as a major milestone that will deepen economic and strategic ties.
Commissioner Šuica also highlighted the relevance of the Pact for the Mediterranean, launched in Barcelona on 28 November 2025, noting that it opens additional avenues for EU and Saudi companies to expand collaboration across the wider Middle East and North Africa region.
H.E. Ms. Dubravka Šuica, European Commissioner for the Mediterranean, stated “Today’s consultation reaffirms our shared commitment to accelerating the green transition through meaningful partnerships between EU and Saudi companies, connecting our regions and bringing our peoples closer. The EU and the Kingdom of Saudi Arabia are committed to stepping up our partnership. Under the EU–Saudi Arabia Strategic Partnership Agreement and the Pact for the Mediterranean, we will have a broader regional framework to expand cooperation between EU and Saudi companies across the Middle East and North Africa. I am encouraged by the strong engagement we have seen today.”
H.E. Christophe Farnaud, Ambassador of the European Union to Saudi Arabia, Bahrain and Oman, added “Saudi Arabia and Europe are charting a new path for global cooperation in sustainable development. By bringing together leading companies from both sides, we aim to transform strategic dialogue into tangible opportunities that support innovation, diversification, and long-term sustainable growth.”
Marco Arcelli, CEO of ACWA Power, remarked “Our collaboration with European partners shows what can be achieved when ambition meets investment and technological expertise. Saudi Arabia’s clean energy vision—powered by abundant, world-class renewable resources— can offer Europe sustainable, dependable, and cost-competitive green molecules and electricity.logies Paired with Europe’s industrial strengths, this creates a formidable platform for joint progress in hydrogen, renewables, and water solutions.”
Saudi Arabia and Europe are together setting an important precedent for global cooperation in the sustainable transition, with today’s consultation helping identify actionable pathways for partnership, innovation, and long-term value creation. A full summary report of the roundtable will be shared with participants in the coming days.
