Strengthening Ties: Saudi Investors Eye Portugal for Strategic Growth

The event underscored the growing interest of Saudi Arabian investors in Portugal, paving the way for robust economic collaborations between the two nations.

One of the most exciting announcements was the upcoming visit of a 100-member Saudi business delegation, accompanied by government officials, to Portugal in two months. This initiative aims to solidify business agreements, refine regulatory frameworks, and identify mutual growth opportunities.

Throughout the workshop, prominent lawyers and consultants presented various investment options, highlighting Portugal as well as a prime destination for Saudi investors. They highlighted the nation’s thriving startup ecosystem and the potential to transfer knowledge from Portugal’s tourism and leisure industries to enhance Saudi Arabia’s economic diversification under Vision 2030.

A landmark moment was the signing of an agreement in the presence of Portugal’s Minister of Infrastructure. This milestone not only symbolizes mutual commitment but also introduces a new era of collaboration. Furthermore, the Saudi Portuguese Business Council announced a memorandum of understanding with Ibrahim Al Howishel Law Firm, aimed at facilitating Portuguese companies’ entry into Saudi Arabia and encouraging regional companies to invest in Portugal.

The MoU represents a groundbreaking approach, offering legal and advisory support to streamline investments. This effort is aligned with Saudi Arabia’s Vision 2030 goals of attracting foreign investment, boosting investor confidence, and fostering international business partnerships.

Walid Al-Balhan, Chairman of the Saudi-Portuguese Business Council, emphasized that this agreement aligns with their shared vision of creating a vibrant, collaborative environment for investors. He extended a warm invitation to visit Saudi Arabia, offering support from his board to further these objectives.

In response to these developments, The Portugal News, in collaboration with me, will begin publishing articles in Arabic to inform Middle Eastern audiences about Portugal’s evolving economic landscape. This step aims to enhance media outreach and foster connections between the two regions.

As trade between Saudi Arabia and Portugal continues to grow, this collaboration signals a promising future for both nations, with opportunities spanning infrastructure, tourism, technology, and renewable energy—key pillars of Saudi Vision 2030.

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes