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

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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.

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