Czech FM Hails Saudi Economy’s Diversity

Visiting Czech Foreign Minister (FM) Jakub Kulhanek hailed the Saudi economic diversity, in general, and the Kingdom Vision 2030, in particular, in addition to the ongoing endeavor exerted the further develop various economic sectors, in the Kingdom.

He pointed to the opportunities putting at the avail of foreign investors, in the Kingdom, urging, on the other hand, the Saudi investors to take advantage of the attracting opportunities, in his nation, highlighting the great potentials, there, a the stake.

Czech companies enjoy recognized technological edges, in several domains, which would greatly help in realizing much more projects, in the Kingdom, namely in the field of renewable energy, public transport, gas and oil, industry and mining and health care.

The Czech Chief Diplomat made his comments, as he was visiting the Federation of Saudi Chambers, accompanied by high level commercial delegation, where he was received by the Vice Chairman Eng. Tareq Al-Haydari and an array of prominent businessmen.

During the encounter, the two sides discussed means of cementing trade ties, economic cooperation and mutually exploiting the prospects of investment opportunities.

Al-Haydari shed light on the bilateral commercial relations binding the two friendly countries, pointing that their trade volume stood at SR2.5 billion, in 2019, the latest data at avail, which is too modest, in the light of the big potentials and opportunities the two nations have and anticipate to further exploiting them.

He exhorted businessmen from the two countries to level up to the prospects of maximizing the two markets potentials and resources.

The Czech Republic ranks 54^th in terms of the trade volume with the Kingdom.

While the Saudi exports to the Czechs stood at SR56 million, in 2019, its imports from the Czech worth about SR2.5 billion.

Czech Republic is the 37^th largest country, in terms of providing the Kingdom with imports.