Thai Chamber of Commerce and Board of Trade of Thailand together with Index Creative Village Public Company Limited organized a seminar "Opening trade opportunities in Saudi Arabia. with the Thai Chamber of Commerce, Trade – Travel – Investment” to exchange views, suggestions, and opportunities for the Thai private sector to proactively engage in relations with Saudi Arabia in terms of trade. tourism and investment

Mr. Sanan Angubolkul, Chairman of the Board of the Thai Chamber of Commerce and Board of Trade of Thailand, said that after Thailand has restored diplomatic relations with Saudi Arabia in early 2022, it is considered to open a new era for the two countries in all dimensions. Especially in the trade sector, trade between Thailand and Saudi Arabia in the past 1 year has a total value of 323,113.42 million baht, an increase of 37.64%. Saudi Arabia is the 17th trading partner in the world market and the 2nd in the Middle East. As for tourism, in 2022 there are 96,389 Saudi tourists, generating income of 8,000 million baht and expecting that in 2023 there will be up to 150,000 Saudi tourists, generating a total income of more than 12,000 million baht, including an increase in flights from 9 per flight. week to 42 flights per week It is considered a historical turnaround in which the two countries will continue to create a leap forward in prosperity together.

Ambassador Damp Boontham said that Saudi Arabia is interested in investing in the Eastern Special Development Zone (EEC) and supports the establishment of a free trade area for Thailand and the Arab Cooperation Council (GCC), which will build on. into the African region

Mr. Abdulrahman Abdulaziz Al Suhaibani (HE Mr. Abdulrahman Abdulaziz Alsuhaibani), Ambassador of Saudi Arabia In Thailand, he said that bilateral relations between Thailand and Saudi Arabia have made significant progress. The two countries agreed to advance cooperation in various fields, including modern agriculture, trade and investment. which during the past Saudi Arabia Has a vision to develop the country for diversity in health, education and tourism with a mega project

The city of Neom under the name "The Line", which will help generate massive investments and support the economy of Saudi Arabia. What is worth watching is that Saudi Arabia is clear in creating the country's economic growth through VISION. 2030 and set 6 important goals, namely 1) increasing the proportion of private sector businesses from 40% to 60% of GDP; 2) increasing non-oil exports from 16% to 50 of GDP excluding oil; 3) increasing spending. 4) Increase FDI to international equivalent from 3.8% to 5.7%.

5) increasing the capacity to accept pilgrims from 8 million to 30 million; and 6) enhancing food security. Trade and investment, which the Thai Chamber of Commerce will work with the government to connect such opportunities to actuality.

Mr. Prasit Boondoungprasert CEO of Charoen Pokphand Foods Public Company Limited, and tourism promotion opportunities from Mr. Siripakorn Chiewsamut, Deputy Governor for Europe, Africa, Middle East and America markets. The Tourism Authority of Thailand has exchanged views of business people and experts at Competent knowledge of conducting business with Saudi Arabia To be a guideline for doing business of Thai entrepreneurs.

Mr. Kriangkrai Kanjanapokin, Chief Executive Officer of the Index Creative Village Public Company Limited group, said that in 2023, Index Creative Village Public Company Limited also has a plan with the Thai Chamber of Commerce and the Chamber of Commerce. of Thailand Organize the Thailand Mega Fair and Festival 2023 – The Kingdom of Saudi Arabia to reinforce the image and potential of Thailand to the eyes of the Saudis. by setting a goal to increase new business opportunities expand investment opportunities Finding business partners and trade alliances, expanding distributors including public relations Spreading Thai culture to Saudi Arabia Caters to diverse needs in the Saudi Arabian and Middle Eastern markets. Which is scheduled to be held between 13 – 16 December 2023 in Riyadh and is considered the largest trade show for Thai products and services in Saudi Arabia

Source: Thai News Agency