The Federation of Saudi Chambers, with the approval of the General Authority of Foreign Trade, has announced the formation of the Saudi-Australian Business Council for the 1447–1451 AH session.
Dr. Jaber Al-Fahhad has been named the new chairman, underscoring Saudi Arabia’s commitment to strengthening strategic international partnerships. This development reflects a broader effort to enhance economic cooperation and investment between Saudi Arabia and Australia.
The council’s formation aligns with the goals of Saudi Vision 2030 to strengthen international relations, attract foreign investment, and support Saudi investors in new markets.
Saudi Arabia and Australia maintain a steadily growing bilateral relationship, underpinned by shared economic interests and a mutual commitment to strengthening cooperation across key sectors. Trade between the two nations has seen consistent growth, with Saudi Arabia serving as a major energy supplier and Australia contributing significantly in areas such as agriculture, education, and mining services.
According to the reports, “Strategic forums and business councils, like the newly formed Saudi-Australian Business Council, reflect this momentum, providing platforms to facilitate dialogue, promote investment opportunities, and enhance private sector engagement.”
During its inaugural meeting in Riyadh, which included Australian representatives, the council outlined its strategic plans to boost trade and investment between Saudi Arabia and Australia and strengthen bilateral economic relations.
Al-Fahhad stated that the Saudi-Australian Business Council marks a new era for economic cooperation. Its action plan will target key sectors in both countries, particularly those highlighted in Saudi Vision 2030. The council will also focus on highlighting investment opportunities in both markets, maximizing the benefits of existing trade agreements, and helping Australian companies enter the Saudi market, one of the largest in the region.
