The Saudi-Swiss Economic Committee Discusses Trade, Economic, and Investment Cooperation
Riyadh – 
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The 13th meeting of the joint Saudi-Swiss Economic Committee and the Saudi-Swiss Investment Forum was held in Zürich on Wednesday. Federal Councilor Guy Parmelin, the head of the Federal Department of Economic Affairs, Education, and Research, as well as a number of officials and representatives from major corporations and the public and private sectors of the two countries were present. The Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih.
The conference looked at trade, economic, and investment ties between Saudi Arabia and Switzerland as well as the two nations’ respective business environments. On issues like innovation, technology, tourism, energy, and health, it also held brainstorming sessions.
The Saudi-Swiss Economic Committee meeting placed a strong emphasis on the value of advancing and coordinating joint initiatives, enlarging bilateral cooperation, seizing opportunities in areas of shared interest, and supporting and incentivizing investors to promote joint economic ventures.
The discussion also covered a wide range of issues that may improve bilateral ties. The signing of minutes, which contained the conditions and schedules for the collaborative effort agreed upon by the two parties, marked its conclusion.
The Saudi-Swiss Investment Forum’s works included presentations on business opportunities in the Kingdom, international supply chains, national industry strategy, and Swiss infrastructure expertise.
The forum saw the signing of an agreement to establish and inaugurate the first independent international company to operate and administrate hotels in the Kingdom and another agreement for a joint precious metals project, in addition to four memorandums of understanding in the tourism, hospitality, and health sectors.
The Saudi-Swiss Investment Forum concluded with bilateral meetings of the representatives of government agencies, large companies, and public and private sectors from the two countries to discuss prospects of cooperation, partnership, available investment opportunities, joint economic ventures, and expertise exchange.
