Lusaka: A high-level delegation from the Federation of Saudi Chambers of Commerce (FSC) today began a visit to the Republic of Zambia, during which it will hold high-level meetings and discussions with several Zambian ministers and officials from the public and private sectors, with the aim of establishing important commercial and economic partnerships to enhance economic cooperation relations and explore available investment opportunities.
According to Saudi Press Agency, the delegation includes more than 25 senior Saudi investors aiming to boost bilateral economic and commercial cooperation, develop partnerships in vital sectors, and enhance integration between the chambers of commerce in the Kingdom and Zambia.
The visit is aligned with the objectives of the Saudi Vision 2030, which seeks to diversify the national economy and attract quality investments into the Kingdom. The agenda of the Saudi delegation's visit includes meetings with senior officials and ministers to highlight investment opportunities and incentives in both the Kingdom and Zambia, discuss the business environment, and explore partnership opportunities in targeted economic sectors. The visit is also expected to culminate in the signing of several agreements.
Both sides are optimistic that the outcomes of this visit will contribute to an increase in trade and investment exchanges between the two countries. Currently, the volume of trade exchange between Saudi Arabia and Zambia does not exceed SAR381 million, indicating the presence of untapped commercial opportunities.