Saudi Arabia, Thailand Strengthen Economic Ties with New Investment Office in Riyadh

Saudi Arabia and Thailand have marked a significant advancement in their economic relationship with the inauguration of Thailand’s first Board of Investment (BOI) office in Riyadh. This milestone, announced during a key business forum in Riyadh, underscores the countries’ commitment to strengthening bilateral cooperation across pivotal sectors such as agriculture, renewable energy, healthcare, and automotive industries. The establishment of the BOI office in Riyadh aims to facilitate and promote investment opportunities between the two nations, fostering an environment conducive to economic growth and collaboration. This initiative builds upon a longstanding foundation of diplomatic relations dating back to 1957, further solidified by recent high-level engagements and mutual efforts to deepen economic integration. It is poised to stimulate increased trade volumes and investment flows, aligning with Saudi Arabia’s Vision 2030 and Thailand’s National Strategy 2037, which prioritize sustainable development and economic diversification