Saudi Arabia, Canada To Strengthen Economic Ties After High-level Meeting

Short Url

Updated 3 min 35 sec ago

RIYADH: Economic cooperation was the focus of a high-level meeting between a top Saudi official and the Canadian Ambassador as relations between the nations continue to progress.

The Kingdom’s Minister of Economy and Planning Faisal Al-Ibrahim held talks with Jean-Philippe Linteau at his department’s headquarters in Riyadh, according to the Saudi Press Agency.

This meeting signifies a positive development in Saudi-Canadian relations, which were restored in May 2023 after a five-year diplomatic rift. 

The restoration followed discussions between Saudi Crown Prince Mohammed bin Salman and Canadian Prime Minister Justin Trudeau on the sidelines of the Asia-Pacific Economic Cooperation forum in Bangkok in November 2022.

Since normalizing relations, Canada is keen to build a “great relationship” with the Kingdom, Linteau said during an interview with Arab News in February.

The recent meeting between Al-Ibrahim and the top diplomat reinforces their commitment to deepening cooperation and tackling mutual challenges.

In January, Saudi Arabia and Canada agreed to re-exchange trade delegations, aiming to improve economic relations and increase trade and investment volumes.

Hassan Al-Huwaizi, president of the Saudi Chambers of Commerce, emphasized that establishing a joint business council would provide a platform for business leaders to promote activities and engage in partnerships, facilitating continuous interaction and information exchange about market opportunities.

"); googletag.cmd.push(function() { googletag.display('div-gpt-ad-3341368-4'); }); }

"); googletag.cmd.push(function() { googletag.display('div-gpt-ad-3341368-5'); }); }

RECENT NEWS

IRENA: The Energy Transitions Real Bottleneck Isnt Money, Its Wires

ABU DHABI: Ask the world's top renewables official what is slowing the clean energy build-out and he won't name cost or ... Read more

Libyan Court Convicts Six People For Illegal Drug Production

A Libyan court has convicted six individuals for producing the drug Captagon, highlighting Libya’s role as a key trans... Read more

NATO Says Kyiv Allies Working For Just And Sustainable End To War

NATO announced that Ukraine’s allies are striving for a fair and lasting resolution to the war, with upcoming US-media... Read more

Siemens Energy: Middle East Power Push Straining Gas Turbine Supply

ABU DHABI: Gas turbines are now some of the hardest machines to buy in the energy world, and the countries that ordered ... Read more

Turkiye Arrests Former Minister As Part Of A Widening Fund Manipulation Scandal

Fatma Betul Sayan Kaya, ex-family and social affairs minister, was arrested in Turkiye over her alleged involvement in a... Read more

Friendly Between Jordan And Indonesias National Football Teams Cancelled Amid Security Concerns

The friendly match between Jordan and Indonesia has been canceled due to security concerns related to the Middle East. T... Read more