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Gulf Press > Gulf > Saudi Arabia > Establishment of Saudi-Canadian Business Council after Five-Year Suspension Signals Economic Revival
Saudi Arabia

Establishment of Saudi-Canadian Business Council after Five-Year Suspension Signals Economic Revival

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Last updated: 2024/07/07 at 5:45 PM
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The Saudi Chambers of Commerce has officially announced the formation of the Saudi-Canadian Business Council for its new term, which will span from 1445 to 1449. The council will be led by Mohammed Al Dleem as its president, with Abdullah Al Yami and Abdullah Al Ahmad serving as vice presidents. This announcement marks a significant milestone in Saudi-Canadian economic relations, as it comes after a five-year hiatus in joint business activities, missions, and trade delegations. The council’s formation aims to capitalize on the positive developments in Saudi-Canadian relations and reopen avenues for economic cooperation between the two countries.

Mohammed Al Dleem, the newly appointed President of the Saudi-Canadian Business Council, expressed his enthusiasm for the council’s formation and stressed its importance in aligning with the improving Saudi-Canadian relations. He emphasized that the council’s primary objectives will be to promote Saudi and Canadian business activities, foster commercial partnerships, explore new areas of economic collaboration, and exchange information about markets and opportunities in both countries. With a focus on enhancing economic ties between Saudi Arabia and Canada, the council aims to facilitate and support bilateral trade and investment opportunities for businesses in both nations.

The Saudi-Canadian Business Council will play a crucial role in bridging the gap between businesses in Saudi Arabia and Canada, providing a platform for networking, collaboration, and sharing of market knowledge. By facilitating dialogue and cooperation between companies from both countries, the council aims to create new opportunities for trade, investment, and business growth. Additionally, the council will work towards enhancing awareness of the economic potential and business environment in Saudi Arabia and Canada, encouraging cross-border partnerships and collaborations that benefit businesses in both countries.

As part of its mandate, the Saudi-Canadian Business Council will actively engage in organizing business activities, events, and initiatives that promote bilateral economic relations and facilitate trade between Saudi Arabia and Canada. These activities may include trade fairs, business forums, investment seminars, and matchmaking sessions aimed at connecting businesses from both countries. By providing a platform for business-to-business interactions and networking opportunities, the council will help establish and strengthen relationships between Saudi and Canadian companies, enabling them to explore new markets and expand their business operations.

The appointment of Mohammed Al Dleem as the President of the Saudi-Canadian Business Council, along with the selection of Abdullah Al Yami and Abdullah Al Ahmad as vice presidents, reflects a strong commitment to advancing economic cooperation between Saudi Arabia and Canada. The council’s leadership team brings a wealth of experience and expertise in business and trade, ensuring that the council effectively fulfills its mandate of promoting bilateral economic relations and facilitating commercial partnerships. With a clear focus on creating new opportunities for businesses in Saudi Arabia and Canada, the council is well-positioned to drive growth and collaboration across various industries and sectors.

In conclusion, the formation of the Saudi-Canadian Business Council for its new term signals a renewed commitment to strengthening economic ties between Saudi Arabia and Canada. Led by a dedicated leadership team, the council will work towards promoting business activities, fostering partnerships, and facilitating trade between the two countries. Through its initiatives and activities, the council aims to create a supportive environment for businesses in Saudi Arabia and Canada to explore new opportunities, expand their operations, and contribute to the growth of the bilateral economic relationship.

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News Room July 7, 2024
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