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Thai-Saudi business prospects

Thai-Saudi business prospects

13 Sept 18:33 Key points summarised by AI
  • The re-establishment of diplomatic relations in 2022 has sparked significant economic cooperation, opening new avenues for Thai entrepreneurs in the Saudi market.
  • Thailand's deep tech expertise in AI and cryptocurrencies aligns perfectly with Saudi Arabia's 'Vision 2030' to diversify its economy and reduce oil dependency.
  • Saudi Arabia actively supports Thai businesses, providing funds and platforms for start-ups and SMEs, alongside incentives for participation in trade exhibitions.
  • Beyond high-tech, other sectors like halal tourism, Thai cuisine, and health services (cosmetics, spas, medical tourism) are rapidly expanding and strengthening bilateral ties.
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Economy 1/1
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