Saudi Gazette report

BRATISLAVA — Slovak President Peter Pellegrini met on Thursday with Hassan Al-Huwaizi, President of the Federation of Saudi Chambers, along with a delegation of Saudi investors and representatives from government entities.

The meeting, held in Bratislava, aimed to explore and strengthen investment opportunities between the two countries.

President Pellegrini expressed Slovakia’s readiness to provide all necessary support and facilities for Saudi investors, emphasizing his country's commitment to deepening ties with Saudi Arabia.

He also praised the Kingdom’s economic progress, particularly in its emerging non-oil sectors.

A key highlight of the meeting was the official launch of the Saudi-Slovak Joint Business Council, a significant step in enhancing trade and investment cooperation.

Al-Huwaizi outlined Saudi Arabia's ongoing economic reforms, aimed at empowering the private sector and improving the business environment to attract local and international investments.

Abdulrahman Al-Otaishan, Chairman of the Saudi-Slovak Business Council, stated that the council will focus on strategic initiatives to leverage the comparative advantages of both nations. Targeted economic sectors will be prioritized to boost bilateral trade and investment.

Trade between Saudi Arabia and Slovakia currently stands at approximately SR1.8 billion, with Slovak imports accounting for the majority.