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22 - 23 OCTOBER 2024

Ritz Carlton, JBR
Dubai,UAE
SPEAKING ENQUIRY Register Now

350 EU Firms Granted Licenses to Move Regional Headquarters

EU: 350 Companies Granted Licenses to Relocate Their Headquarters to Riyadh

European Firms Making Moves

▪️ Ambassador Luigi Di Maio, the European Union's Special Representative to the Gulf region, announced that over 350 European companies have been granted licenses to move their regional head quarters to Riyadh.

▪️ This move includes major European groups aiming to establish a presence in the Kingdom, driven by the Saudi Government's goal to attract 480 companies to open regional headquarters by 2030.

EU-Saudi Trade Relations

▪️ Ambassador Di Maio highlighted the strong trade partnership between the EU and Saudi Arabia, noting that the total trade in goods and services reached €87.91 billion in 2023.

▪️ Goods trade accounted for €70.75 billion, underscoring the substantial economic connections between the two regions.

Support for Private Sector Engagement

▪️ To continue supporting private sector engagement with Saudi Arabia, the European Union has backed the establishment of the first European Chamber of Commerce in the Gulf.

▪️ Set to open in Riyadh next May officially, the chamber aims to assist European companies in establishing and strengthening their presence in Saudi Arabia.

▪️ The chamber will facilitate business operations in this market and connect them with various European markets.

Investment and Trade Growth

▪️ Service trade data for 2022 shows a 42.4% increase, from €12.06 billion to €17.17 billion, illustrating the dynamic growth in service trade between the regions.

▪️ Bilateral foreign direct investment stocks rose by 50%, from €63.6 billion to €95.4 billion, indicating increasing investment flows.

▪️ Foreign direct investment FDI from Saudi Arabia to the EU reached €65 billion in 2022, up from €48 billion in 2021, with the Netherlands, Luxembourg, and Germany being the main destinations.

▪️ EU Foreign Direct Investment in Saudi Arabia doubled to €30.8 billion in 2022 from €15.7 billion in 2021, highlighting the strong investment ties.

Broad European Investment in Saudi Arabia

▪️ The EU Commissioner reported that over 1,300 European companies invest in Saudi Arabia, operating across various sectors, including energy,  manufacturing, transportation, infrastructure, and more.

▪️ Approximately 25,000 citizens from the 27 EU member states reside in Saudi Arabia, reflecting the profound economic and cultural ties between the EU and Saudi Arabia.


Why CTW Global 2024?

CONFERENCE

Attend conference sessions and gain knowledge and insights from top experts on hot topics that matter with global trade.

EXHIBITION

Generate more business opportunities and be where your customers and partners are. Develop highly engaged relations through one-on-one interactions.

HYBRID PLATFORM

Develop highly engaged relationships through one-on–one interaction with your brand in the background. Also take advantage of our B2B platform.

B2B MATCH MAKING

This Programme creates a proactive pre-show platform enabling exhibitors, pre-registered visitors and walk in visitors to view profiles of participants and select who they want to meet at the event.

GAIN MAXIMUM BRAND EXPOSURE

Over 8000+ trade visitors from around UAE, providing an unrivalled opportunity for Global Exhibitors to participate in a growing Middle Eastern marketplace.

GENERATE MORE BUSINESS

Over 90% of attendees at CTW UAE are either decision makers, purchasers or traders, underlining the fact that the event delivers real business opportunities.

VIP BUYERS CLUB

As a VIP Buyer you will have exclusive access to the VIP Buyers Lounge at CTW with complimentary Wi-Fi, coffee, tea & water throughout the day.

LAUNCH NEW PRODUCTS TO MARKET

Fast-track your product launches within one of the fastest growing economies in GCC. Get hands on with decision makers in the Emirati market.