Riyadh: The Federation of Saudi Chambers of Commerce (FSC) has announced the formation of the Saudi-Dutch Business Council for its inaugural term (1446-1450 AH), following the approval of the General Authority of Foreign Trade. Dr. Abdulrahman Al-Mufarreh has been elected as chairman of the council.

According to Saudi Press Agency, Al-Mufarreh stated that establishing the council marks a new phase in the economic relations between Saudi Arabia and the Netherlands. The aim is to empower business sectors from both countries to capitalize on promising investment opportunities and enhance commercial and investment partnerships.

He further mentioned that the council convened its first meeting to discuss setting specific targets and a strategic action plan. This plan will be implemented in coordination with relevant government entities to foster a favorable investment environment that enhances commercial and investment cooperation between the business sectors of both countries.

Al-Mufarreh emphasized that the action plan will concentrate on priority sectors in both kingdoms, particularly those aligned with Saudi Vision 2030. It will promote investment opportunities and market access in Saudi Arabia and the Netherlands, facilitating the entry of Dutch companies into the Saudi market, recognized as one of the largest in the region.

FSC and its Dutch counterpart signed an agreement in April 2024 to establish the Saudi-Dutch Business Council. The council officially begins its operations today as a key platform for business owners from both countries.