The Saudi-Thai Investment Forum is a major international platform organized by the Ministry of Investment in Saudi Arabia. It brings together government officials, private sector leaders, and investors to strengthen relations between the two nations. The forum highlights opportunities in trade, investment, and economic cooperation while supporting the objectives of Saudi Vision 2030.
Saudi-Thai Investment Forum 2022
The inaugural forum was held on May 16, 2022, in Riyadh City, with the participation of Saudi and Thai officials, the Federation of Saudi Chambers, and private sector representatives.
Key features included:
- Panel discussions on enabling private sector access to investment opportunities.
- Bilateral meetings connecting Saudi and Thai companies.
- Presentations on the investment environments of both countries.
The forum resulted in the signing of seven memorandums of understanding (MoUs):
- Four between the Ministry of Investment and the Thai side.
- One by the Diriyah Gate Development Authority.
- One by the Federation of Saudi Chambers.
- One by a private sector company with the Thai side.
These agreements focused on expanding cooperation in petrochemicals, oil and gas, tourism, and hospitality.
Saudi-Thai Investment Forum 2024
The second edition of the forum was hosted on July 14, 2024, in Riyadh City, in collaboration with the Thailand Board of Investment (BOI) and the Embassy of Thailand in Saudi Arabia.
Highlights included:
- Presentations on Saudi Vision 2030 projects and Thailand’s Land Bridge Project.
- Discussions on empowering the private sector in both nations.
- Bilateral meetings to foster new partnerships.
A landmark announcement was made: the opening of the Thailand BOI office in Riyadh, underscoring a strategic shift toward closer cooperation.
The forum concluded with the signing of eleven new agreements and MoUs across vital sectors such as agriculture, food, tourism, infrastructure, and energy, cementing stronger economic ties.
Conclusion
The Saudi-Thai Investment Forum reflects the growing partnership between Saudi Arabia and Thailand. By facilitating agreements and highlighting opportunities in diverse industries, the forum enhances bilateral trade, strengthens investment, and supports long-term cooperation. It continues to serve as a cornerstone for expanding economic relations, creating pathways for businesses, and deepening ties between the two nations.
