Saudi Arabia, The Prime Minister moves forward to strengthen Thai-Saudi relations. Hoping to increase competitiveness in trade-investment
At 10:30 a.m. local time which is 4 hours slower than Thailand. Riyadh, Kingdom of Saudi Arabia, Mr. Settha Thavisin, Prime Minister and Minister of Finance Gave an interview about the success of his visit to the Kingdom of Saudi Arabia. that on the evening of October 20, the Thai Ambassador Based in Riyadh He and his group received a dinner reception. By meeting with the Thailand team and commercial and investment officials who exchanged opinions with each other
The Thai Ambassador gave his opinion. In fact, the potential for trade and investment in Saudi Arabia is still very high. Whether it is about expanding trade, agriculture, commerce, and investment, the BOI has stated that it needs officials to be based in Saudi Arabia. After talking with each other, he understood this need. And I want the ambassador to write what the reason for wanting is. Because it is considered the main country with which the government has recently opened new relations. After closing for a long time It is considered a country that Thailand would like to have more relations with. and increase competitiveness, trade, and investment even more
The Prime Minister also said that he had visited an ancient city of Saudi Arabia, approximately 300-400 years old, which is considered the first city in Saudi Arabia. which was destroyed and rebuilt There has been a lot of investment in building this city of tourism. A huge area was created. and has been registered as a world heritage site as well. They also visited the Future City exhibition. More than 500 billion USD has been invested. When he went to see it, he was shocked by its grandeur. Saudi Arabia has great wealth from trading in petrochemicals and oil. Therefore, it has very high capital. But he also knows that the world has changed. Promoting investment and building new cities is important. He saw the exhibition and the methods he proposed. This investment should be used in understanding all sectors in terms of the mega projects that we will do in Thailand. Whether it's the electric train or the land bridge.
The Prime Minister further said that he has talked with 4 private sector companies. The first company is SALIC, which is a fully integrated company in agriculture and livestock. There are investments all over the world. to create food security We were very surprised. The country has only deserts. But there are large global companies trading in agricultural products and livestock. In South America, in Europe and in Asia, many things are discussed today. In terms of agriculture, livestock, the matter of cows, which is the main policy of this government, whether it can be pushed together or not.
The Prime Minister said that if possible, he would have the Minister of Agriculture and Cooperatives Bringing the private sector to talk with the company and SALIC, he is pleased and excited that we will be working together in new and big dimensions, including meeting with public investment funds. which is a very large fund Invests both in Saudi Arabia and abroad such as the United States and China, but has not yet invested in Thailand. but want to invest in mega projects Therefore, Thailand itself has many large projects. So there will be further discussion.
The company is also a major shareholder of the world's largest petrochemical and oil company. which already has a lot of trade with us and trying to find opportunities to cooperate in doing business with Thailand in many matters, whether it be about finding a refinery He understood that our refinery was old and needed to be upgraded. which requires investment of hundreds of billions of baht So there was a discussion. And he will send officials to coordinate further. And the last one is SABIC, a Saudi chemical manufacturer. One of the largest in the world It has the same shareholder, PIF, which already has a lot of investments. and the matter of fertilizer that makes us the largest Thai private companies that do agriculture also buy a lot from this company. Including fertilizer leavening agent that we have in the northeastern region There will be discussions to find cooperation.
The Prime Minister said that one of the pleasing things he asked was that SABIC has good relationships with PTT and many private companies. Is he stuck in any way regarding investing? Doing business with Thailand Which he said didn't have any. Everything is very well supported. and want the relationship to continue He must thank various agencies. who worked with SABIC company that made him admire us here Hopefully investment will continue to develop in every dimension. .-Thai News Agency
Source: Thai News Agency