A high-level working group from the Qatari-Saudi Coordination Council convened in Riyadh this week, signaling a continued commitment to deepening economic, trade, and industrial ties between the two Gulf powerhouses. The meeting marks a significant step in aligning the nations’ strategic interests and fostering a more integrated regional economy.
The meeting was co-chaired by Mohammed bin Hassan Al Malki, Undersecretary of Qatar’s Ministry of Commerce and Industry, and Eng Rakan bin Waddah Tarabzoni, Undersecretary for International Economic Affairs at the Kingdom of Saudi Arabia’s Ministry of Economy and Planning.
Boosting Bilateral Trade and Industry
Discussions centered on tangible mechanisms to enhance the flow of goods and services between the two countries. Key agenda items included simplifying import and export procedures and identifying new avenues to promote bilateral trade.
The committee explored strategies to strengthen cooperation across key industrial sectors, aiming to leverage mutual strengths and create a more robust, interconnected supply chain that serves the shared interests of both nations.
Reviewing Progress and Strategic Objectives
The working group conducted a comprehensive review of progress on existing joint initiatives. The session also served as a platform to transparently address outstanding challenges and collaboratively explore potential solutions to streamline economic activities.
Furthermore, the committee examined its overarching strategic objectives. The dialogue focused on developing clear pathways to deepen economic integration and enhance bilateral coordination, ensuring that collaborative efforts are fully aligned with the ambitious national development plans of both countries.
Aligning with National Visions
A core theme of the meeting was the strategic alignment of joint economic efforts with the Qatar National Vision 2030 and Saudi Vision 2030. By synchronizing their initiatives, Qatar and Saudi Arabia aim to create a powerful synergy that accelerates economic diversification, fosters innovation, and enhances regional competitiveness, creating new opportunities for businesses and startups across the GCC.
About The Qatari-Saudi Coordination Council
The Qatari-Saudi Coordination Council is a high-level bilateral body established to enhance cooperation and strategic integration between the State of Qatar and the Kingdom of Saudi Arabia. It oversees joint efforts across various fields, including economy, trade, investment, and culture, with the goal of strengthening the fraternal relationship and achieving the shared interests of both nations.
Source: Zawya
