On Sunday 11 November, Asharqia Chamber welcomed Dutch delegation at the headquarter of the Chamber in Dammam. The meeting was held in the presence of the Deputy Ambassador of the Netherlands, Mascha Baak, the Executive Director of the Union of Oil and Gas Sector Suppliers, Sander Vergroesen, the Secretary General in charge Eng. Abdulrahman bin Fawzan Al-Humain, and the Honorary Consul of the Dutch Embassy, Suleiman Al-Suhaimi.
During the meeting, Ahmed bin Suleiman Al Muhaidib, a member of the Board of Directors of Asharqia Chamber, affirmed the strong economic and trade relations between the Kingdom of Saudi Arabia and the Kingdom of the Netherlands.
AlMuhaidib said that the energy sector in the Kingdom is witnessing significant investment opportunities following the vision of Saudi Arabia 2030.
He called on the business sector in the Netherlands to take advantage of the incentive measures provided by the Kingdom to the foreign investor.
He noted that the vision is mainly aimed at renewing the energy sector in full with a special focus on oil, gas and renewable energy.
He added that the Dutch companies have expertise and modern technologies in the fields of energy and sustainable energy solutions and efficiency and techniques for the development of oil and marine gas, which encourages cooperation and investment between the business sector in both countries.
He pointed out that the Dutch companies registered a strong presence in the Saudi energy sector and other sectors.
For her part, Mascha Baak confirmed the historical relations between the Kingdom and the Netherlands since 1872 when diplomatic relations were established with the establishment of the Dutch consulate in Jeddah and developed to include economic and trade relations until they reached a high level between the two kingdoms.
Sander Vergroesen said the delegation focuses mainly on three important and vital sectors, which are trade and export, innovation and technology, human capital and education sectors. It also represents the entire supply chain in the oil and gas industry and overseas renewable industries.
Furthermore, AlFozan, from Saudi Arabia General Investment Authority, talked about the investment incentives in the Kingdom. He pointed out that in order to achieve its Vision 2030, Saudi Arabia has set a goal to increase its non-oil revenues from SR163 billion to more than SAR 1 trillion.
In order achieve this ambitious goal, the Authority has identified 9 priority sectors for domestic and foreign investments, including chemical, industrial manufacturing, transportation, logistics, information technology, life sciences, tourism, energy, water, mining, metallurgy and engineering.
In conclusion, Al Muhaidib honored the Dutch Ambassador with a memorial plaque.
