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Dozens of Saudi Business Leaders Discuss Investments in Greece

Saudi business Greece
The Saudi delegation was enchanted by Santorini. Credit: AMNA

Starting off their visit to Greece in Santorini, a high-level Saudi business delegation arrived in Greece on Sunday to discuss investment opportunities.

The delegation of government officials and business representatives is led by Saudi Investments Minister Khalid Al Faleh, who views prospects for the development of relations between Greece and Saudi Arabia as exceptional.

He pointed out that bilateral relations are broad and sent the message that the sky is the limit for what Greece and Saudi Arabia can do together.

In a statement after visiting the archeological site of Akrotiri, Fira, and the Caldera, Khalid Al Faleh said he was “enchanted” and excited by the “beautiful” Santorini and spoke of excellent hospitality.

He expressed his gratitude to his counterpart, Adonis Georgiadis, and Deputy Foreign Minister Costas Frangogiannis. “They are friends and colleagues, almost like brothers,” he said.

The Saudi delegation of eight deputy ministers, three general secretaries, and 59 Saudi business representatives will attend the Greek-Saudi Business Forum & the 5th Joint Ministerial Committee meeting that will be in Athens on May 30th and May 31st.

Saudi business Greece
Greek officials welcome Saudi Investments Minister Khalid Al Faleh and his delegation to Santorini. Credit: AMNA

The forum will present potential collaborations in the sectors of shipping, tourism, energy, construction, innovation, and agri-food.

Several Greek ministers and deputy ministers will have an opportunity to meet their Saudi Arabia counterparts, while at least a hundred Greek businesses have expressed their interest in participating, noted the Greek ministry.

Greece and Saudi Arabia agreed to expand business collaboration

Greece and Saudi Arabia agreed to expand collaboration in investments, energy, tourism, and defense during a visit by PM Kyriakos Mitsotakis to Riyadh in October 2021.

The Greek leader and Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud underlined the significance of the newly established Greece-Saudi Arabia Business Council, expected to fortify the collaboration of the two countries’ business communities.

The Saudi side welcomed the Greek private sector’s direct partnership with the Saudi private sector in fields of desalination plants, drinking water, water lines, sewage treatment plants, dams in ongoing and future projects, and organizing commercial activities in the field of agriculture to discuss possibilities of investment in the agricultural, food, fishing, and animal husbandry industries.

In addition, Greece and Saudi Arabia highlighted the need to maximize the use of points of intersection in the renewable energy sector, military and pharmaceutical industries, and logistics services.

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