The Council of Saudi Chambers (CSC) will organize a delegation, consisting of members of the Saudi-British Business Council and CSC, to visit the United Kingdom between May 9-11, 2017, to discuss areas of trade and investment cooperation between the two countries.
Co-chairperson of the joint council, Eng. Nasser Al Motawa, who will lead the delegation, declared that the visit comes as part of the joint council’s activities for its new session (2016-2019), noting that the visit program will include the second semi-annual meeting of the Saudi-British Business Council in its current session, and a visit to Sheffield, which is considered one of the UK’s main industrial centers since the industrial revolution. The program will additionally include several meetings with British businesspeople from various sectors.
Eng. Al Motawa stressed the significance of this visit, which comes a month after British PM Theresa May’s visit to Saudi Arabia - a visit described as “exceptional” by diplomats and observers. Al Motawa added that the joint council will address investment opportunities in sectors of mutual interest to both sides, especially pertaining to the Saudi Vision 2030, and the possibilities of trade and investment cooperation between Saudi Arabia and Britain, now and post Brexit. The meeting will review reports of the Saudi-British SMEs forum, held last month in Asharqia Chamber, and the infrastructure workshop, held at CSC in November. It will also address and approve events that the joint council plans to organize in the second half of 2017.
Concerning updates on the agenda and joint work plans, Eng. Al Motawa revealed that both, the Saudi and British sides of the joint council, agreed in their recent meetings to identify advanced industries as one of the main axes of cooperation between the two countries given the sector’s significance to developing national industries and industries that rely on joint investments, in addition to its contribution to transferring technology, nationalizing jobs, developing local content, and fostering exports in line with the strategic endeavors of the Saudi Vision 2030.
The Saudi delegation will be visiting the advanced industries center at Sheffield University to review Britain’s experience in this area, and discuss the possibilities of cooperation. A meeting will be held in this regard with officials and researchers from the university, as well as President of Sheffield’s Municipal Council and local industry representatives from the city.