CIP looks to boost trade with Saudi Arabia

The Portuguese Industrial Confederation (CIP) has signed a Memorandum of Understanding to set up the Saudi-Portugal Business Council.

The aim of the business council is to boost the economic relationship between the two countries.
The confederation which is led by António Saraiva signed the agreement with the Saudi Chamber of Commerce and Industry.
This partnership will enable the conditions to be created for a greater dialogue between the business leaders of the two countries and the organisation of commercial activities in both markets.
Construction and public works, information and communications technology (ICT), food and drinks industry, health, water and sanitation and tourism and innovation were the sectors that both entities have identified as having potential.
The Business Council will be managed and supported on the Portuguese side by the AEP – Portuguese Enterprise Association/Portuguese Chamber of Commerce and Industry.
Óscar Gaspar, representing the CIP in Saudi Arabia for the signing ceremony said that the “signing of the memorandum on Portugal Day was symbolic of the way the Portuguese positioned themselves: ready to establish contacts and seek out new partnerships.”