Economy

“Landing” of Saudis in Greece for investments: Areas of interest and critical appointments

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Multitudinous business mission from Saudi Arabia, led by Saudi Minister of Investment8 deputy ministers and high-ranking officials, is arriving in our country today as part of it strengthening and deepening economic and business relations Greece – Saudi Arabia

The mission is welcomed today by the political leadership of the country’s Economic Diplomacy, the Deputy Foreign Minister Costas Frangogiannis and the Secretary-General Giannis Smyrliswhile tomorrow the Greek-Saudi Business Forum will be held and on Tuesday the 5th Joint Interministerial Committee of Greece – Saudi Arabia.

The Saudi delegation is led by the Minister of Investment of Saudi Arabia Khalid Al Faleh, which will be accompanied by 8 Deputy Government Ministers and high-ranking officials from the Ministries of Investment, Energy, Environment, Tourism, Health, Science and Technology, Social Development, Transport, Communications, Pilgrimage and Islamic Affairs. The government mission is accompanied by representatives of 59 Saudi companies from the banking and financial sector, energy, tourism, construction, health, agri-food sector.

The first day of the mission visit includes tour in Santorini, where the special flights will arrive from Saudi Arabia, following the wish of the Saudi side to visit a popular tourist destination of the country for the transfer of relevant know-how, as stated in a statement of the Ministry of Foreign Affairs. It is recalled that a similar visit of tourist interest was organized by the Saudi side, in the historic city of Al Oula, as part of the Greek business mission to Saudi Arabia in March.

The Greek-Saudi Business Forum on Monday

The second day, Monday 30 May, will be held at the Intercontinental Hotel an all-day Greek-Saudi Business Forum, organized by Enterprise Greece, during which will be presented the prospects of cooperation in the following key areas: a) Tourism, b) Energy / Construction / Infrastructure, c) Innovation and d) Agri-food. The Forum will be attended by competent ministers and deputy ministers, as well as businessmen from both sides. From the Greek business world, more than 100 companies have expressed interest in participating.

In parallel with the work of the Forum, they will take place at the hotel bilateral meetings of all the ministers and deputy ministers of Greece and Saudi Arabia, while the Forum will conclude with the realization B2B meetings.

On Tuesday, the 5th Joint Interministerial Committee of Greece – Saudi Arabia

On the third day of the visit, Tuesday 31 May, the 5th Session of the Greek-Saudi Arabian Joint Interministerial Committee will take place, with the participation of high-ranking delegations from the Ministries of Development and Investment, Health, Shipping, Tourism, Environment and Energy, Education, Education Of Labor and Social Affairs, chaired by Deputy Foreign Minister K. Frangogiannis and Saudi Minister of Investment Khalid Al Faleh. The Joint Interministerial Committee will complete its work with the signing of a Protocol by the two ministers as well as an Agreement on the implementation of the EMC optical data cable.

On the same day, members of the Saudi delegation will visit, with the care of Enterprise Greece, points of interest for possible investment and trade prospects, while contacts with Greek companies will continue.

During the visit of the business delegation from Saudi Arabia, Mr. Frangogiannis will meet with members of the Business Council of Greece-Saudi Arabia, which was created to promote bilateral business contacts and expand trade and investment relations between the two countries. . Co-chairs of the Greek branch of the Council are the president of Temes Achilleas Konstantakopoulos and the CEO of Olympia Electronics SA Dimitris Lakasas. On the Saudi side, Lubna Olayan, the head of the Executive Committee of the Olayan Financing Company, is chairing.

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