Lisbon, October 03, 2023, Faisal F. Alibrahim, the Minister of Economy and Planning, emphasized the need for innovative solutions to address pressing global challenges, including climate change, sustainability, and post-pandemic economic recovery. He highlighted the importance of collaborative efforts between the public and private sectors in Saudi Arabia and Portugal in this regard.
Speaking at the Saudi-Portuguese Investment Forum, Alibrahim noted the substantial growth in bilateral trade, with Saudi exports to Portugal increasing by 50% and imports from Portugal rising by nearly 40% from 2021 to 2022. This surge resulted in a trade volume of $1 billion, highlighting the potential for increased cooperation between the two countries.
The Portuguese-Saudi Investment Forum, organized by the Ministry of Investment, is part of the broader framework of the sixth session of the Saudi-Portuguese Joint Committee. This forum serves as a platform to explore opportunities for investment and collaboration between Saudi Arabia and Portugal.
