Training fields

The Kingdom and Finland agree to strengthen economic cooperation in various fields

HELSINKI — Trade Minister Dr. Majid Bin Abdullah Al-Qasabi met with Finnish Economic Affairs Minister Mika Lintilä on Friday, where he reiterated that the Saudi delegation’s visit to Helsinki resulted in an agreement by both sides to cooperate in several areas,

These included education and training, research and development, start-ups and innovation, sustainable technologies, sustainable mining, smart cities and logistics solutions, among others.

During the visit, which took place over the past 4 days, Dr. Al-Qasabi held a series of bilateral meetings with several Finnish ministers who discussed the strengthening of bilateral relations, the development of trade exchanges and promising investment opportunities in logistics services, cooperation and partnership. in education, training and innovation.

Dr. Al-Qasabi and the accompanying delegation participated in various meetings with representatives of the Finnish business sector, including a meeting that discussed the mining industry and its promising opportunities in the Kingdom and its expectations future.

This is in addition to a meeting with Tommi Oito, the President of Mobile Networks at Nokia, who focused on regulatory reforms that will accelerate investment in telecommunications infrastructure, particularly those related to broadband, wireless networks , network security and artificial intelligence, and the Kingdom’s measures to accelerate its digital growth, and digital infrastructure.

Dr. Al-Qasabi. in addition, held meetings with representatives of technology companies working in artificial intelligence and its various applications, games and electronic sports.

Dr Al-Qasabi visited the Omnia Educational Foundation, which promotes support for lifelong learning to achieve the Sustainable Development Goals, while the Saudi delegation visited several large companies and innovation centers where they were informed about the most important trends and practices of Finland in various fields,

The delegation also signed five memorandums of understanding between the two parties, while participating in the Saudi-Finnish forum organized by “Business Finland” in cooperation with the Federation of Saudi Chambers.

Dr. Al-Qasabi stressed on Thursday evening the need to strengthen the economic partnership and to expand and diversify bilateral trade between the two countries, estimated at 645 million dollars per year, and to benefit from Finland’s leadership in the areas of research and development, education and training. , start-ups, innovation and others.

Dr Al-Qasabi explained that the Kingdom’s economy – since the launch of the Kingdom Vision 2030 by Crown Prince Mohammed Bin Salman in 2016 – has undergone a transformation which has led to the opening up of many new sectors and promising opportunities for the business sector.

He added that the Kingdom is working to transform itself into a global trade and logistics hub, taking advantage of its geographical location and capabilities which are currently being developed in light of the national transport and logistics services strategy. .

Dr. Al-Qasabi also pointed out that there are many promising opportunities in many areas, including: renewable energy generation, the use of hydrogen in industrial applications and transportation, as well as opportunities for cooperation to develop and use carbon capture technologies.

During the forum, which was attended by around 120 public and private sector officials from both countries, a cooperation agreement was signed between the Federation of Saudi Chambers and Business Finland.

The agreement was signed by Majed Al-Hokair, chairman of the Saudi-Finnish Business Council, and Nina Kopola, CEO of Business Finland, in addition to the signing of a number of memorandums of understanding between a number of Saudi-Finnish companies.

The forum program included a presentation entitled “Finland determines the future”, in which the Director of International Business Innovation, Karita Tesari da Costa, discussed the most important trends and practices adopted in specialized educational centers, innovation centers and business incubators in Finland.

On the Saudi side, the Deputy Minister of Trade and CEO of the National Competitiveness Center, Dr. Iman Bint Habbas Al-Mutairi, made a presentation on the most important legislative and procedural reforms implemented with the aim of improving the competitiveness of the Kingdom and promising opportunities. for investors.

In addition, she clarified the support provided by competent authorities in the business sector to overcome the obstacles faced by business owners in light of a business environment that promotes economic growth.

For his part, the General Supervisor of the National Program for the Circular Carbon Economy at the Ministry of Energy, Dr. Zaid Al-Gharib, spoke about the Saudi Green Initiative, pointing out that the Kingdom has advanced 10 places in the globally in the Green Future Index for 2022, which is the culmination of the Kingdom of Saudi Arabia’s green initiatives.

It should be mentioned that the Saudi-Finnish Forum discussed a number of areas of cooperation, including transport and logistics, education, fish farming and food industries, biotechnology and health, information, artificial and digital intelligence, energy and environmentally sustainable solutions. , and electronic game industries.

The Saudi delegation included leaders from the ministries of trade, transport and logistics, education, environment, water and agriculture, health, energy, Public Investment, General Authority for Foreign Trade, General Authority for Civil Aviation (GACA, Data, AI Authority (SDAIA), Saudi Ports Authority, General Authority for Small and Medium Enterprises ( Monsha’at) and the National Competitiveness Center.

The panel included representatives from the business sector, the Federation of Saudi Chambers, represented by Chairman of the Saudi-Finnish Business Council Majed Al-Hokair, and officials from Saudi Aramco, SABIC, Saudia and the Saudi Investment Recycling Company (SIRC ), Savvy Games Group, the Saudi Global Ports Company, in addition to several of the largest Saudi companies. — SPA


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