Thai businesses and Saudi counterparts have vowed to tighten their partnership after signing 18 memorandums of understanding (MoUs) on Wednesday on business deals covering food, travel, hotels and agarwood.
According to Krayem S. Alenezi, a board member of the Riyadh Chamber of Commerce, which led more than 200 Saudi companies from various sectors including gems and jewellery, construction materials, travel and hotels to participate in the Thai-Saudi Business Matching event in Bangkok, the visit is part of Saudi Arabia's ongoing efforts to expand trade and investment under "Saudi Vision 2030", which seeks to reduce the nation's dependence on oil, diversify its economy and develop public service sectors.
