Arab News, Tue, Jun 25, 2024 | Dhu al-Hijjah 19, 1445
Australia, Saudi Arabia trade expo to be held in Riyadh in October
Saudi Arabia:
Agriculture, healthcare, and education are among the sectors that will benefit
from a new conference aiming to boost partnership deals between Saudi Arabia and
Australia.
Set to be held from Oct. 21 to 22 at the KAFD
Conference Centre in Riyadh, the inaugural Aussie Expo will also see a focus
on technology, infrastructure, and mining.
The event is being organised by the Trademark
Group of Companies – a conglomerate dedicated to facilitating the expansion of
Australian businesses into the Kingdom and the broader Gulf Cooperation Council
region, aswell as supporting businesses from these areas in entering the
domestic market.
According to the UN Comtrade database, Australia’s
exports to Saudi Arabia stood at $789.65 million in 2023. On the other hand, the
Kingdom’s exports to Australia amounted to $702.75 million over the same
12-month period
“For the past two and a half years, Trademark
Group of Companies has been committed to creating a bridge between Australian
and Saudi Arabia businesses. For the first time ever, an Australian exhibition
that showcases Australian talents, products, and services to the region will be
proudly held in Riyadh, Saudi Arabia. I would like to thank all stakeholders
involved in ensuring the success of this event,” Sam Jamsheedi, chairman and
founder of Trademark Group of Companies, said.
On June 1, Trademark Group of Companies opened its
office in Riyadh, eyeing economic opportunities in Saudi Arabia and providing a
platform for Australian companies to explore and deepen trade ties with the
Kingdom.
Guided by the theme “Accelerating Partnerships,
Unlocking New Opportunities,” Aussie Expo Riyadh 2024 will showcase excellence
across various industries, according to its website.
This will be achieved through a series of
conference sessions and workshops during which key government officials,
industry leaders, decision-makers, and entrepreneurs from both countries will
converge.
These networking opportunities are expected to be
a major draw for attendees, providing a platform to explore potential
partnerships that drive mutual success.
Renewable energy and sustainability as well as
tourism and hospitality, retail and consumer goods, and transport and logistics
will be discussed at the evemt
Talking to Arab News on the sidelines of the
Australian Saudi Business Networking Event in Riyadh earlier in June, Australian
Ambassador Mark Donovan said the opening of the Trademark Group of
Companies’ office in the Kingdom would help both countries explore investment
opportunities in various sectors.
Earlier in May, Saudi Arabia and Australia signed
an agreement to improve cooperation across multiple sectors and strengthen
bilateral trade ties.
The Australia Saudi Business Council and Forum and
the Export Council of Australia signed an agreement to boost collaboration in
industry, mining, food, technology, and artificial intelligence, with an aim to
enhance opportunities for Australian exporters to work with Saudi entities,
strengthening bilateral cooperation.