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Saudi-Belgian-Luxembourg Memorandum of Understanding (MoU)
On the 14th of March 2022, the Federation of Saudi Chambers and the Arab-Belgian-Luxembourg Chamber of Commerce signed a memorandum of understanding (MoU) to establish the Saudi-Belgian-Luxembourg Business Council to promote and expand intra-regional trade and boost investment cooperation between the three countries.
The Council, which was announced during the Saudi-Belgian-Luxembourgian Business Forum in Riyadh, carried out commercial and promotional activities in the fields of trade, investment, and technology transfer, with a focus on the targeted sectors. It also provided Saudi, Belgian, and Luxembourgian businesspeople with a platform to present themselves, promote their businesses, and build commercial relationships. The establishment of the Council was a part of the Multi-Sectoral Economic Mission to Saudi Arabia that took place in the period of 11-18 March, organized by the ABLCC, the Walloon Agency for Export and Foreign Investment (AWEX), and the Chamber of Commerce of Luxembourg (CCLU), together with the support of the Embassy of Belgium in Riyadh.
The Council, which was announced during the Saudi-Belgian-Luxembourgian Business Forum in Riyadh, carried out commercial and promotional activities in the fields of trade, investment, and technology transfer, with a focus on the targeted sectors. It also provided Saudi, Belgian, and Luxembourgian businesspeople with a platform to present themselves, promote their businesses, and build commercial relationships. The establishment of the Council was a part of the Multi-Sectoral Economic Mission to Saudi Arabia that took place in the period of 11-18 March, organized by the ABLCC, the Walloon Agency for Export and Foreign Investment (AWEX), and the Chamber of Commerce of Luxembourg (CCLU), together with the support of the Embassy of Belgium in Riyadh.
