The UAE-Saudi Business Council, established to facilitate exchange of information on economic conditions, held its first meeting in Dubai on Tuesday.
The meeting, attended by more than 40 business people from the two countries, discussed ways to facilitate continuous interaction between the business sectors and increase trade and economic cooperation between the two countries.
Abdalla Sultan Al Owais, vice chairman of the Federation of UAE Chambers of Commerce and Industry and chairman of Sharjah Chamber of Commerce and Industry, said the council would work to further strengthen the long-standing relations between the two nations that are currently witnessing rapid and multifaceted progress on all fronts.
The bilateral council will explore market and investment opportunities, while strengthening ties and agreements in the sectors of economic and industrial cooperation and submitting proposals and studies to the relevant authorities in the two countries.
Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, who is leading the Saudi side in the council, said that the Saudi delegation would explore fresh avenues for collaboration with the UAE business sectors.
“We are hopeful that the results of this meeting will lead to the implementation of innovative ideas, and projects between the two nations,” he said.
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