Third Saudi-Spanish Joint Commission concludes with renewed focus on economic cooperation and knowledge transfer

The 3rd Saudi-Spanish Joint Committee (SSJC) closed in Madrid with a renewed emphasis on strengthening bilateral economic cooperation and enhancing knowledge transfer between the two countries.

The Saudi delegation’s visit to Spain included the SSJC, the Saudi-Spanish Business Forum, the third meeting of the Saudi-Spanish Business Council and a series of bilateral meetings, with more than 50 groups from Saudi citizens participated. and the private sector.

Through the three-day SSJC, representatives from both countries explored ways to deepen economic cooperation across vital industries such as energy, water, technology, tourism, education, infrastructure, real estate, aviation, agriculture and the environment. Arabia aims to accelerate its transformation into a global industrial powerhouse and a world-class business and logistics hub.

At the end of the SSJC, His Excellency Faisal bin Fadil Alibrahim, Minister of Economic Planning, Kingdom of Saudi Arabia, said: And it opens the door to a new phase of strategic cooperation across important industries in both countries.

“It has acted as a very productive platform to highlight the continued progress being made under Saudi Vision 2030, and also to help Spanish companies to invest in the Kingdom and to create a great opportunity for transformation and innovation. It shows the different opportunities open to contribute to the journey.”

His Excellency Alibrahim added: The Middle East at the crossroads of the world. ”

At the 3rd SSJC in Madrid, His Excellency Alibrahim, together with Spain’s Minister of Industry, Trade and Tourism, Her Excellency Maria Reyes Maroto, outlined ways to strengthen the longstanding bilateral relationship between the Kingdom and Spain. did.

In a speech at the Saudi-Spanish Business Forum, Saudi Arabia’s Minister of Economic Planning said that in finding common ground and designing joint solutions to the challenges facing today’s growth and prosperity, He stressed the importance of strategic international economic partnerships.

During the Saudi delegation’s visit to Madrid from October 19 to 22, H.E. Mr. Alibrahim met with H.E. I searched for Antonio Garamendi, President of the Spanish Business Federation, discussing future opportunities between the two countries.

Meanwhile, on the topic of advancing climate change progress and sustainable economic development between Saudi Arabia and Spain, Your Excellency met with Her Excellency Teresa Rivera, Third Vice President of Spain and Minister of Environmental Transformation and Population Affairs I met you.

H.E. Alibrahimar will also meet H.E. Siana Margarida Mendez Veltro, Secretary of State for Trade and President of the Spanish Commission for Investments (ICEX), to support both countries to improve supply chain resilience and strong bilateral trade We talked about opportunities.

Spanish entrepreneur Rebeca Minguela, Founder and CEO of Clarity AI, later met with H.E. exchanged knowledge on international best practices for global capital allocation. An innovation-driven entrepreneurial ecosystem.

During two field visits, first to Indra’s state-of-the-art factory and then to Airbus’ advanced defense and space production facility in Madrid, His Excellency Alibrahim was accompanied by Secretary of State Siana Margarida Mendez Bertolo. Azzam Algain, Patron Ambassador of Spain’s Two Holy Mosques, key government officials and many senior executives from both Indra and Airbus.

The Saudi Minister of Economic Planning also visited the IE University campus and met with the Rector, Dr. Santiago Iniguez, to discuss strengthening academic exchanges between the two countries. This was followed by a meeting between His Excellency Alibrahim and several Saudi students based in Madrid on the wide range of professional development pathways and opportunities the Kingdom offers students to help build a prosperous future for Saudi Arabia. outlined.

The Kingdom’s delegation is headed by the Minister for Economic Planning and includes representatives from the Ministry of Energy, Ministry of Sports, Ministry of Finance, Ministry of Investment, Ministry of Tourism, Ministry of Industry and Mineral Resources, Ministry of Health and Health. Transport and Logistics Services, Ministry of Environment, Water and Agriculture; Public Investment Fund (PIF); Zakat; .