The government and private sectors led the delegation to visit Saudi Arabia to continue many business projects.

Bangkok, June 8-Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand led a large public and private delegation to visit Saudi Arabia once again. Hope to continue with large projects, including the gas station service business to the food business that Saudi Arabia is interested in inviting Thai investors to negotiate again.

Mr. Sanan Angubolkul, Chairman of the Board of the Thai Chamber of Commerce and Board of Trade of Thailand and the Thai private sector, led by Mr. Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs. led a government delegation to visit Saudi Arabia officially once again Between June 6-9, 2023, in order to continue the economic relationship between Thailand and Saudi Arabia, especially PTT Oil and Retail Business Public Company Limited (OR) is in the process of considering the establishment of an oil management station in Saudi Because the current gas station still lacks many conveniences.

The Saudi business group therefore invited PTT came to open a gas station with a trading area. Functional toilets and other facilities Like the model in Thailand, PTT is also in the process of discussing joint ventures in large projects such as green hydrogen in Thailand, aiming to be a supply center for various industries in the region, which is currently completing Phase 1. and will begin Phase 2 soon.

In addition, The Siam Cement Company Limited (SCG) expects to open an office in Saudi Arabia. within this September And is interested in investing in businesses and developing a construction ecosystem to expand into the supply chain in other areas of Saudi Arabia such as packaging and pvc business, etc.

Charoen Pokphand Foods Public Company Limited CPF is interested and sees an opportunity to do business related to the development of aquaculture and chicken, which is currently in the process of discussing with Neom food company, a company in the food business to jointly invest in the future. and in health Thai entrepreneurs like Health and Wellness Management Consultants Co., Ltd. have joined forces with Saudi Arabia's Quality of Life Tourism Company to invest in 3 health & wellness center projects, both in Saudi and Thai The total investment value is as much as 17,500 million baht.

However, in the year 2022, the E-Sports Association of Thailand and Saudi Arabia An MOU was signed on cooperation and the first friendly match was held in Pattaya, Chonburi province in April, and the second friendly match was scheduled to be held in July. in Riyadh, which in addition to developing competitiveness It is also the starting point for the development of the game business in Thailand. The association also plans to discuss with the Saudi company Savvy to expand into the game business in the near future.

For the agricultural sector, especially the import of Thai fertilizers from Saudi Arabia, the Saudi Basic Industries Corporation (SABIC), a large chemical and steel company, has a market share of fertilizer business in Thailand of up to 45% and is the top priority. He also expressed interest in cooperating and expanding investments with Thailand in other businesses. Such as Automotive, Chemical, Electronic and Healthcare. In the past, SABIC companies have seen Thailand as a good partner. which during the Russian-Ukrainian war in the year when the company continued to supply fertilizer to Thailand

in tourism It is targeting Saudi tourists. That will travel to Thailand in 2023 up to 200,000 people, with an average cost forecast / person / trip about 80,000 baht, which is considered a group of high-quality tourists. Saudi Arabia also plans to increase flights on the Riyadh route. -Phuket as well as preparing to launch Riyadh Air with a fleet of up to 200 aircraft from the expansion of the tourism sector in the past

for one of the big projects in Saudi Arabia For example, the project to plant 10 billion trees according to Vision 2030 goals, with plans to import trees from around the world. Currently, Thailand is considered one of the countries that has begun to export more than 200,000 trees to Saudi Arabia, with most of the trees from Nakhon Nayok and Prachin Buri provinces and considered to be an opportunity for Thailand to export trees to Saudi Arabia again. a lot

In addition, the Saudi side is willing to use the Saudi Entrepreneurship Incubator if the two countries agree to jointly link and exchange synergies. And if the two entrepreneurs have a continuous joint venture The agency is ready to support venture capital as well. Both governments have also raised the issue of supporting international events for discussion, with the Saudis offering Thailand to help support the hosting of the Saudi Expo 2030, while Thailand itself has asked the Saudis. Supporting bidding to host Phuket Expo 2028 as well.-Thai News Agency

Source: Thai News Agency