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Thai business delegation to visit Saudi Arabia on Feb 26th to explore trade expansion

13 Sept 21:09 Key points summarised by AI

A high-level Thai business delegation will visit Saudi Arabia on February 26th, the first in many years, to promote trade and business between the two countries.
Thailand aims to significantly boost its exports to Saudi Arabia from US$1.6 billion to US$5 billion, targeting products such as cars, food, machinery, and electrical appliances.
Improved diplomatic relations, following a recent visit by the Thai Prime Minister, are expected to open up new opportunities for trade, investment, tourism, and labor.
Bilateral trade is projected to expand by 20.3% to 280 billion baht this year, with exports increasing by 6.2% and imports (mainly oil and gas) by 24.3%.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.