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Saudi companies explore investments in Azerbaijan, Georgia

Saudi business leaders to meet officials, explore investments in Azerbaijan and Georgia.

Saudi Arabia
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A delegation from the Federation of Saudi Chambers (FSC) will visit Azerbaijan and Georgia to explore investment opportunities and establish trade partnerships, the Saudi Press Agency reported on Sunday. The delegation, led by FSC Chairman Hassan bin Mujib Al-Huwaizi, includes over 65 business leaders and representatives from various economic sectors and government agencies.

The visit will begin with the Saudi-Azerbaijani Business Council meeting, followed by a Joint Business Forum and bilateral meetings. Similar events will take place in Georgia during the Saudi-Georgian Business Council meeting and Joint Business Forum.

These discussions will focus on investment opportunities in Saudi Arabia, Azerbaijan, and Georgia, aiming to improve the business environment and foster partnerships across various sectors.

The FSC aims to increase trade volumes with Azerbaijan and Georgia. In 2023, trade with Azerbaijan was SAR 50 million, and with Georgia, it was SAR 162 million. The visit is expected to identify significant investment opportunities.