Riyadh: The Federation of Saudi Chambers of Commerce, with approval from the General Authority of Foreign Trade, today formed the new Saudi-Australian Business Council for the 1447-1451 AH session. Dr. Jaber Al-Fahhad has been elected its chairman. According to Saudi Press Agency, the council's formation aligns with the goals of Saudi Vision 2030 to strengthen international relations, attract foreign investment, and support Saudi investors in new markets. During its inaugural meeting in Riyadh, which included Australian representatives, the council outlined its strategic plans to boost trade and investment between Saudi Arabia and Australia and strengthen bilateral economic relations. Al-Fahhad stated that the council marks a new era for economic cooperation. Its action plan will target key sectors in both countries, particularly those highlighted in Saudi Vision 2030. The council will also focus on highlighting investment opportunities in both markets, maximizing the benefits of existing trade agreements, and helping Australian companies enter the Saudi market, one of the largest in the region.
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