18 Hrs
Source:
الاقتصادية
Portuguese Firms Eye Health Investment in Saudi Arabia
Currently, the economic relations between Saudi Arabia and Portugal are focused on strengthening cooperation in the fields of digital health, artificial intelligence, and technology. Thirty Portuguese companies plan to hold meetings with their counterparts in Saudi Arabia to explore investment opportunities, establish companies, and transfer technology. This initiative is part of an intensive economic program coinciding with the visit of the Saudi Minister of Health, aiming to move from the exploration phase to building long-term partnerships and investments. Additionally, four memoranda of understanding are expected to be signed between Portuguese companies and the Kingdom to enhance collaboration in healthcare and technology sectors. There has been a noticeable increase in the number of Portuguese companies operating in Saudi Arabia, now exceeding 60. Bilateral trade between the two countries is currently around $797 million in 2024, with a clear direction toward expanding investment relations and strengthening commercial partnerships.
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