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TUESDAY, November 29, 2022
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Saudi Arabia-Thailand: New, fruitful cooperation

Saudi Arabia-Thailand: New, fruitful cooperation

SUNDAY, November 20, 2022

In 2021 two-way trade between Saudi Arabia And Thailand rose to over $7 Billion. Thailand's import value stood at 4 billion US dollars compared to 2 billion dollars of its export value to Saudi Arabia.

At the invitation of the Prime Minister of Thailand, Prayut Chan-o-cha, and within the framework of the friendly relations between the two countries, and to promote mutual interests, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Saudi Arabia, paid an official visit to the Thailand during the period from November 17 to 18, 2022.

Recognizing the prominent roles of Saudi Arabia in the international arena, Thailand extended an invitation to Saudi Arabia to participate in the Asia-Pacific Economic Cooperation (Apec) Forum as Chair’s guest with the firm belief that Saudi Arabia can play a constructive role in the Asia-Pacific region.

Crown Prince and Prime Minister of Saudi Arabia was received by King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua, and Queen Suthida Bajrasudhabimalalakshana, at the Chakri Maha Prasat Throne Hall on November 18, 2022, which represented a historic event as it was the first meeting between the Royal Families of the two kingdoms after the full normalization of bilateral diplomatic relations in January 2022.

The Thai Prime Minister and Defense Minister, Prayut officially welcomed Crown Prince and the Prime Minister, and both sides held an official meeting at Government House to affirm their keenness to enhance bilateral, regional and international cooperation in all fields.

Saudi Arabia-Thailand: New, fruitful cooperation

In the spirit of cooperation and common determination to enhance friendly relations between the two kingdoms and their peoples, the two leaders welcomed the signing of the major bilateral agreements and memoranda of understanding, which are as follows:

Memorandum of Understanding regarding the establishment of the Saudi-Thai Coordination Council.

Memorandum of Understanding regarding cooperation in the field of encouraging direct investment between the Government of the Kingdom of Thailand and the Government of the Kingdom of Saudi Arabia.

Memorandum of Understanding between the Ministry of Energy of the Kingdom of Saudi Arabia and the Ministry of Energy of the Kingdom of Thailand in the field of energy.

Memorandum of Understanding for cooperation in the field of tourism between the Ministry of Tourism and Sports of the Kingdom of Thailand and the Ministry of Tourism of the Kingdom of Saudi Arabia.

Memorandum of Understanding between the Control and Anti-Corruption Authority of the Kingdom of Saudi Arabia and the Office of the National Anti-Corruption Commission of the Kingdom of Thailand in the field of preventing and combating corruption.

In the fields of political, defence and security cooperation, both sides discussed opportunities for cooperation on mutual interest, including the defence industry, combating transnational crimes in all their forms, such as combating terrorism, radicalism, and extremism, enhancing cyber security, building capabilities and exchanging information between the two kingdoms. The two sides also expressed their readiness to enhance cooperation on consular affairs for the benefit of both nations.

In light of the current global economic challenges, the two sides discussed the role of the two governments in supporting international efforts to effectively address them. Both sides also highlighted the importance of encouraging market access of both countries, as well as the strong interaction between their private sectors to increase investment opportunities, diversify bilateral trade, and increase the exchange of visits of trade delegations. In addition, both sides discussed cooperation between the public and private sectors of the two kingdoms in key potential areas, including building materials, petrochemicals, foodstuff, consumer products, digital economy, transportation and logistics, industry, mining, electric vehicle manufacturing, agriculture, luxury, and hospitality, as well labour cooperation, environmental cooperation, and climate change among others.

Both sides discussed ways and means to materialize investment opportunities in the Eastern Economic Corridor (EEC) and Special Economic Zones (SEZ) in Thailand and mega projects, such as the NEOM project in Saudi Arabia, based on the complementary nature and compatibility of Thailand's Bio-Circular-Green (BCG) economic model and Saudi Arabia’s Vision 2030. Thailand expressed its readiness to support the “Saudi Green” and “Green Middle East” initiatives, in addition to cooperating with the Saudi Investment Fund to facilitate more economic cooperation in the future.

Both sides valued the importance of enhancing cooperation in energy fields such as supplying oil, petroleum derivatives, petrochemicals, clean technologies for hydrocarbon resources, biofuels, and renewable energy. In addition to exploring partnership opportunities and discussing joint projects in innovative uses of hydrocarbons in materials, transportation, and other potential forms of cooperation in the field of energy.

As for social and educational cooperation, both sides stressed the importance of strengthening communication between the two peoples. The Saudi side commended Thailand's decision to exempt Saudi citizens from entering Thailand for tourism purposes for a period of 30 days. The two sides expressed their commitment to facilitate the exchange of visits at all levels. The Thai side praised the interest of the

Saudi side in facilitating the issuance of visas for businessmen and tourists from Thailand to enhance trade, investment, and tourism.

Both sides mutually recognized the importance of augmenting the level of scientific, research and educational cooperation between the two kingdoms. The two sides concurred on encouraging direct cooperation between universities, scientific and educational institutions, and the importance of education in times of crisis and to provide inclusive and comprehensive high-quality education.

In the field of health, both sides affirmed their keenness to support global initiatives to confront current epidemics and prepare for emerging diseases. The two sides also resolved to cooperate and work towards recovery after the emerging Corona Virus crisis (Covid-19).

Both sides agreed to discuss opportunities in the fields of radio and television, news agencies, and the press, exchanging experiences, and coordinating mutual media visits to serve the development of the joint media field.

Both sides also sought to encourage cooperation on enhance cultural exchange and to discuss ways and means to enhance cooperation in various fields of sports.

The two sides stressed the importance of joint efforts to combat extremism and promote understanding, tolerance, peace, and security.

Prayut, valued the efforts made by the Government of the Custodian of the Two Holy Mosques and , the Crown Prince and Prime Minister of Saudi Arabia, in serving the pilgrims, praising the high level of coordination between the two countries to achieve the comfort of Thai pilgrims.

On international affairs, both sides exchanged views on developments in their respective regions, such as the situation in Yemen, Iran and Afghanistan. Both sides stressed the importance of strengthening cooperation with international organizations and multilateral fora. The two sides reiterated their willingness to support each other in areas of common interest. In addition, both sides renewed their determination to continue coordinating and intensifying efforts to maintain international peace and security. They stressed the importance of all countries adhering to the Charter of the United Nations, the principles of international legitimacy, international law, the principles of good- neighbourliness, and respect for the unity and sovereignty of states, non-interference in their internal affairs, and pursue to resolve differences by peaceful means. The Thai side praised the active humanitarian efforts made by the Kingdom of Saudi Arabia to promote peace and prosperity in the Middle East region and expressed its appreciation for the assistance of the Kingdom of Saudi Arabia to Thailand within the framework of the Organization of Islamic Cooperation.

Prince Mohammed bin Salman bin Abdulaziz Al Saud appreciated the support of Thailand in hosting the World Expo 2030 in Riyadh. The Thai Prime Minister expressed his appreciation to the Kingdom of Saudi Arabia for its interest in supporting Thailand's candidacy to host the Phuket Expo 2028.

At the conclusion of the visit, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia expressed his thanks and appreciation to His Excellency General Prayut Chan-o-cha, Prime Minister of the Kingdom of Thailand, for the warm reception and hospitality accorded to His Royal Highness and his accompanying delegation. The Prime Minister of Thailand expressed his best wishes for the health and happiness of His Royal Highness, and for the continued progress and advancement of the people of the Kingdom of Saudi Arabia.

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