RIYADH: Saudi Arabia and Poland have created a new joint business council for the term 2024-2028 to boost the commerce and investment between the two countries. The Saudi Arabia General Authority for Foreign Trade (GAFT) has concluded the establishment of the Saudi-Polish Business Council and appointed Abdullah bin Mohammed Abu Dubeil as chairman. He will be accompanied by two vice chairmen, Farea Bin Hazem Zaqzouq and Musab Bin Ahmed Al-Maseed.
This strategy is part of Saudi Arabia’s plan to strengthen economic ties with Europe, particularly Poland, which is Europe’s one of the largest economies. Poland’s agri-food sector’s exports has been on rise and has recorded a € 47.9 billion ($ 51.1 billion) in 2023, an increase of € 10 billion compared to the previous year.
In 2023, the trade between Saudi Arabia and Poland reached around $ 9 billion. The major exports from Saudi Arabia to Poland are minerals products and plastics, while major exports from Poland to Saudi Arabia include tobacco, machinery and mechanical appliances.
The newly established Saudi-Polish Business Council aims to help businesses in both countries to expand trade and investment opportunities. GAFT looks after 46 bilateral and regional councils, all of which aim to enhance international economic partnerships.
