Saudi Commerce Minister visits Norway to boost trade ties

Saudi Commerce Minister visits Norway - GCC Business News (1)
Image credits: SPA | Cropped by GBN
By Desk Reporter, GCC Business News

The Saudi Arabia’s Minister of Commerce and National Competitiveness Center (NCC) Board Chairman Majid Al-Kassabi has began a working visit to the Norwegian capital, Oslo, with the aim of promoting bilateral trade in promising sectors and enhancing the level of economic partnership between the two friendly countries, in addition to participating in the activities of the Saudi-Norwegian Business Forum.

During the two-day visit to Norway, Al-Kassabi led the Kingdom’s delegation comprised 30 officials from the public and private sectors. He held meetings with ministers and officials, which included a review of the promising opportunities created by the Saudi Vision 2030.

The delegation also held discussions on encouraging Norwegian companies to expand their operations in promising Saudi sectors, particularly those related to fisheries, maritime transport, circular economy, and sustainability.

Al-Kassabi met with the Norwegian Minister of Trade and Industry Cecilie Myrseth, and they discussed enhancing trade to capitalize on opportunities in promising economic sectors. They also reviewed the Kingdom’s experience in implementing legislative and regulatory reforms and their impact on enhancing the attractiveness of the business environment.

In a separate meeting with Norwegian State Secretary of Labor and Social Inclusion Kjetil Vevle, Al-Kassabi discussed cooperation in skills enhancement to meet the needs of future labor markets, through the exchange of expertise between educational and training institutions in both countries.

Minister Al-Kassabi concluded his series of ministerial meetings with Norway’s State Secretary of Fisheries and Ocean Policy Even Sagebakken. The two sides explored ways to enhance trade by cooperating on port and maritime logistics development. They also reviewed Norway’s experience in smart mobility systems and its potential applications in Saudi projects.

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