Tuesday, 29 Nov 2022

KSA, Finland agree to boost economic cooperation in various fields

Helsinki– Saudi Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, met today with the Finnish Minister of Economic Affairs, Mika Lintilä, where he reiterated that the Saudi delegation’s visit to Helsinki resulted in the two sides’ agreement to cooperate in several fields, including education and training, research and development, start-ups and innovation, sustainable technologies, sustainable mining, smart cities, and logistics solutions, among others.

During the visit, which spanned over the past 4 days, Dr. Al-Qasabi held a series of bilateral meetings with several Finnish ministers that dealt with strengthening bilateral relations, developing trade exchange, and promising investment opportunities in logistics services, cooperation, and partnership in education, training, and innovation.

Dr. Al-Qasabi and the accompanying delegation participated in various meetings with the Finnish business sector representatives, including a meeting that discussed the mining industry and its promising opportunities in the Kingdom and its future expectations, in addition to a meeting with Tommi Oito, the President of Mobile Networks at Nokia, which focused on the regulatory reforms that will accelerate investments in telecommunications infrastructure, especially those related to broadband, wireless networks, network security, and artificial intelligence, and the Kingdom's measures to accelerate its digital growth, and digital infrastructure, in addition to meetings with representatives of technology companies working in artificial intelligence and its various applications, games, and E-sports.

Minister Dr. Al-Qasabi visited the Omnia Educational Foundation, which promotes lifelong learning support to achieve sustainable development goals, while the Saudi delegation visited multiple leading companies and innovation centers where they were briefed on the most prominent trends and practices of Finland in various fields, in addition to signing five memoranda of understanding (MOUs) between the two sides. The delegation also participated in the Saudi-Finnish forum organized by "Business Finland" in cooperation with the Federation of Saudi Chambers.

The Saudi delegation included leaders from the ministries of commerce, transport and logistics, education, environment, water and agriculture, health, energy, the Public Investment Fund, the General Authority for Foreign Trade, the General Authority of Civil Aviation (GACA, the Saudi Data, AI Authority (SDAIA), the Saudi Ports Authority, the Small and Medium Enterprises General Authority (Monsha'at), the National Competitiveness Center, and from the business sector, the Federation of Saudi Chambers, represented by the Chairman of the Saudi-Finnish Business Council Majed Al-Hokair, and officials from Saudi Aramco, SABIC, Saudia, and the Saudi Investment Recycling Company (SIRC), Savvy Games Group, the Saudi Global Ports Company, in addition to many of the largest Saudi companies.

Source: Saudi Press Agency

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