Thai Companies Ink Deals with Saudi Buyers

The DITP hosted a business matching activity for Thai and Saudi companies in Bangkok on July 6. 

The event resulted in 352 business matches generating an estimated US$317 million (11.63 billion baht). The most sought-after products and services were food and beverages, construction materials, healthcare products, retail, transportation, and gems and jewellery. Saudi buyers said that Thai products are of high quality, meet international standards, and they believe these products will meet the need of Saudi consumers.

The DITP and leading Saudi supermarket chains Manuel and LULU will co-organise promotional events for Thai products such as rice, halal food and fruit in Saudi Arabia as well as launching an online campaign through Instagram and Facebook to create consumer awareness of Thai products.

Saudi Arabia is Thailand’s 17th largest trade partner. Key Thai export products are automobiles and auto parts, wood and wooden products, rubber products, canned and processed seafood, and machinery and parts. Saudi Arabia’s key exports to Thailand are crude oil, chemicals, fertilisers, pesticides, finished oil and scrap metal.