MOU inked to enhance trade and investment between Saudi ‎Arabia and Belarus

The Federation of Saudi Chambers and the “National Center for Marketing and Price Studies” affiliated with the Ministry of Foreign Affairs of the Republic of Belarus signed a memorandum of understanding to enhance investment and trade between the Kingdom and Belarus.

The signing ceremony took place at the Federation’s headquarters today, where it was signed by the Acting Secretary of the Federation of Saudi Chambers, Walid Al-Arinan, and the Belarusian Director of the National Center for Marketing and Price Studies, Mikalay Barysevich.

The scope of cooperation includes exchanging information related to trade, the business environment, investment, production and export opportunities, helping Saudi and Belarusian companies expand in targeted markets, organizing joint research activities on marketing to enhance trade prospects and exploring ways of commercial cooperation, and facilitating participation in trade fairs and holding economic events and forums and exchange of trade delegations

According to the memorandum of understanding, the two sides will cooperate in providing support to investors, establishing commercial contacts, organizing international training seminars via the Internet, and exchanging experiences related to the application of information technology and digital transformation in commercial promotion, which will help companies from both countries access opportunities in both markets.