Portuguese Firms Seek Health Investment in Saudi Arabia

The efforts of Portuguese companies are focused on strengthening their economic relations with Saudi Arabia through direct investment and technological cooperation, particularly in the healthcare sector. They anticipate signing memoranda of understanding with Portuguese firms specialized in precision medicine and healthcare technology. The number of Portuguese companies operating in Saudi Arabia has increased from 24 to more than 60, with bilateral trade rising to approximately $797 million in 2024, a 9.3% increase compared to the previous year. Both sides also view the Saudi market as a long-term opportunity for growth and joint ventures, emphasizing technology transfer, investment, localization, and innovation, especially in digital health and artificial intelligence.

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