Taiwanese Firms Seek Saudi Investments
Twelve Taiwanese companies are exploring investment opportunities in Saudi Arabia across eight sectors, including energy, electronics, automotive spare parts, safety equipment, iron and metals, packaging solutions, food and agriculture, and energy systems. They also seek to collaborate with the Saudi private sector. This initiative stems from bilateral meetings held in Riyadh aimed at strengthening partnerships and expanding economic cooperation. The Taiwanese companies' investments vary, with around 50 to 70 firms involved; notably, Foxconn is investing approximately one billion dollars in Saudi Arabia, and a fertilizer company has been cooperating with SABIC for over 30 years. It is worth noting that trade between Saudi Arabia and Taiwan exceeds $9 billion annually, with significant investment growth over recent years. Saudi exports to Taiwan mainly consist of petroleum and chemical products. In May 2026, Saudi Arabia imported goods worth $204.6 million from Taiwan, primarily electrical devices and machinery.
Notice: This Is an AI-Generated Summary
Comments (0)