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government and private delegation of Thailand in 32 years led by Mr. Don Pramudwinai, Deputy Prime Minister. and Minister of Foreign Affairs has visited Saudi Arabia between 15-19 May to further revitalize relations after the visit of General Prayut Chan-o-cha, Prime Minister, earlier this year Believe that this visit will not only be successful, satisfying all parties. and reflects the many opportunities for cooperation between the two countries. Above all, it caused many of the participants to change their views and thoughts on Saudi Arabia. go completely
What has become evident is that the Saudi side is "to the fullest" in welcoming the Thai delegation. From the banquet on the first day at Al Murabba Palace, which is a historical landmark in Saudi Arabia. and of the Saudi royal family as the residence of His Majesty King Abdulaziz The first king of the Saud dynasty and the founder of Saudi Arabia. It is now a museum and a venue for international high-end ceremonies. such as Chinese President Xi Jinping or former President Donald Trump on his visit
While looking at the various schedules the Saudi side arranged for the Thai delegation, it is full of substance and fully reflects the intention to build relationships in terms of trade and investment as well. Whether it is organizing the "Saudi-Thai Investment Forum" which has been known that there are Saudi businessmen In Riyadh interested to attend the event until the Saudi Ministry of Investment. which hosts the event must be closed because there are more people who want to attend the event than can arrange and in the business matching event that took place thereafter whether in Riyadh or in Jeddah Saudi Arabia's most important business city It is known that the results are satisfactory as well.
During this visit, six Memorandums of Understanding (MOUs) were signed and exchanged between Thai and Saudi businesses, covering the MoU between the Thai Chamber of Commerce and the Saudi Chamber of Commerce. MoUs in petrochemical, chemical, building materials industry sectors It has also signed an MOU with the hospitality and hotel sectors such as Dusit and Minor Group. There were 3 ministers to witness, namely Mr. Don. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs and Saudi Minister of Investment Khalid Abdulaziz Al-Falih
Three Ministers witnessed the signing of the MoU.
during business matching One of the businesses that received a lot of attention from the Saudi side. is the hospitality and tourism business, which Khun Kosin Chanthikul, Chief Investment Officer Minor Company International Public Company Limited said Minor Group announced an agreement with the Diriyah Gate Development Authority (DGDA) on May 18. to open Anantara Hotel which is a 5-star Thai hotel in the Minor group in the area which is a very valuable cultural attraction And it's only 20 minutes from Riyadh. We are very excited about this project. and there are other projects of Minor Group in Saudi, 1-2 more projects to be announced soon to follow.
Kosin said that This trip is a very good trip organized by the Ministry of Foreign Affairs and the Thai Chamber of Commerce. After restoring relations with each other since January this past. as a Thai entrepreneur Minor is trying to enter the Saudi market. Since when the Saudi government Announcing Vision 2030 In 2018, we have been studying the Saudi market for 4 years and having such an event allows us to talk and build alliances with our Saudi partners. more quickly
We see a lot of potential for the Saudi economy, because in Saudi Arabia's Vision 2030 it is clear that he aims to build a tourism industry with 100 million tourists. Thailand earns 12% of G's tourism revenue. DP, while Saudi Arabia currently has less than 2% of tourism income, if he has only half the number of tourists coming to Thailand, or equal to Thailand, it will be a huge amount. If it is equal to Thailand, it is 12%, it will be equal to 70 billion US dollars. And operators involved in the chain of tourism business will all benefit together. Whether it is a hotel business, airline business, leisure business, restaurant business, and other tourism chain management businesses
Minor earns 25% in Thailand and 75% abroad. Middle East is one of our investment hubs. We currently have 23 hotels and 53 restaurants in all major cities. of the Middle East Whether it's Abu Dhabi, Dubai, Oman, Bahrain, Qatar, of course we try to come in Saudi. which this diplomatic relationship will help us expand and it came with the rhythm that Saudi He has a vision of 2030, keeping it all in the same direction.
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