Ireland trade minister: Saudi Arabia offers ‘extraordinary opportunity’ for Irish firms looking to invest
Ireland's Trade Minister, Simon Coveney, has highlighted the exceptional investment opportunities for Irish businesses in Saudi Arabia, across various sectors such as technology and tourism.
On the Arab News show "Frankly Speaking," he praised the Gulf for demonstrating how global trade can generate wealth, employment, and promote peace.
During his Gulf visit, which included a stop in Riyadh, Coveney discussed Saudi Arabia's Vision 2030 with Commerce Minister Majid Al-Qasabi and other senior officials, exploring the Kingdom's significant ongoing projects that offer potential for international partnerships.
Industries like construction, technology, energy, transport, and pharmaceuticals, where Ireland has considerable strength and global business presence, stand to benefit significantly.
Coveney attended the World Trade Organization's 13th Ministerial Conference in Abu Dhabi, focusing on e-commerce and climate change challenges, as well as advocating for fairer trade rules for small economies through improved dispute resolution mechanisms.
Despite advocating for WTO reforms to keep up with the modern economy, Coveney acknowledged that progress was hindered by the current trend of protectionism, which has stalled significant advancements in global trade discussions.
During his Gulf visit, which included a stop in Riyadh, Coveney discussed Saudi Arabia's Vision 2030 with Commerce Minister Majid Al-Qasabi and other senior officials, exploring the Kingdom's significant ongoing projects that offer potential for international partnerships.
Industries like construction, technology, energy, transport, and pharmaceuticals, where Ireland has considerable strength and global business presence, stand to benefit significantly.
Coveney attended the World Trade Organization's 13th Ministerial Conference in Abu Dhabi, focusing on e-commerce and climate change challenges, as well as advocating for fairer trade rules for small economies through improved dispute resolution mechanisms.
Despite advocating for WTO reforms to keep up with the modern economy, Coveney acknowledged that progress was hindered by the current trend of protectionism, which has stalled significant advancements in global trade discussions.