Federation of Saudi Chambers Hosts Irish Trade Envoy

Irish Minister Neale Richmond TD spearheaded a trade mission in Riyadh to boost investment opportunities, particularly in the aviation and human resources sector.

The minister of state at the Department of Enterprise, Trade and Employment highlighted that Vision 2030 has had “a positive impact” on the Kingdom and the world, emphasizing greater opportunities for cooperation between the two countries in the aviation and airport infrastructure industry.

The gathering was part of the Saudi-Irish Business Forum hosted by the Federation of Saudi Chambers and attended by representatives of more than 80 regional and Irish companies. Gerry Cunningham, Ambassador of Ireland to Saudi Arabia, was also present.

The minister said: “Irish-Saudi relations are going through their best time at the diplomatic and economic level, and Irish companies are looking forward to investment opportunities in the Saudi market,” inviting Saudi companies to invest and explore opportunities in Ireland too.

The chairman of the board of directors of the Federation of Saudi Chambers, Hassan Al-Huwaizi, said: “Vision 2030 and Project Ireland 2040 open promising prospects for integration and economic cooperation between the two countries.”

Trade between Saudi Arabia and Ireland reached approximately SR5.3 billion ($19.8 billion) in 2022, including SR75 million in Saudi exports and SR5.2 billion in Irish imports.