STOCKHOLM, 08 October 2021, (TON): Commerce Minister Dr. Majid bin Abdullah Al-Qasabi and Swedish Foreign Trade Minister Anna Hallberg inaugurated the Saudi-Swedish Business Council in Stockholm.

Council members and representatives from the business and investment sectors in the two countries took part in the event.

Al-Qasabi, who is also the chairman of the board of the General Authority for Foreign Trade, said that the council was a mainstay in stimulating and encouraging the private sector on both sides.

He said “it contributed to developing bilateral relations, exchanging expertise and knowledge, and setting plans and programs to seize investment opportunities and turn them into tangible partnerships.”

Al-Qasabi said “Saudi Arabia was keen to enhance trade cooperation, facilitate exports to Sweden and the Scandinavian countries and exchange expertise and knowledge.”

Saudi Arabia is Sweden’s largest economic partner in the Middle East and No. 1 trade partner among the Scandinavian countries, with the volume of trade exchange in the past five years reaching more than $6 billion.