Saudi Arabia explores opportunities with Netherlands on energy, circular economy in key meeting

RIYADH: Senior officials and business leaders from Saudi Arabia and the Netherlands have met to discuss potential collaborations regarding the energy and circular economy fields.

The Kingdom’s National Competitiveness Center hosted a meeting in its Riyadh headquarters attended by representatives from Dutch embassies across the Gulf Cooperation Council region, and officials from major firms such as global consumer goods company Unilever, multinational conglomerate corporation Philips, and lighting company Signify.

From Saudi Arabia, the Deputy Minister of Commerce and CEO of the Center Iman Al-Mutairi attended, as well as representatives from the Ministry of Energy and the Ministry of Resources Human and Social Development, and executives from the Saudi Investment Company for Recycling.

During the meeting, prospects between both countries were discussed, including cooperation between business sectors in the fields of energy and its transportation as well as discussions of partnership in the circular economy.

The meeting also shed light on potential opportunities in the Kingdom, specifically in addition to discussions on the development in the labor market and women’s participation in the workforce.

By building a Saudi economy based on inclusiveness, the NCC aims to achieve competitiveness in its broadest sense, according to Mutairi.

Moreover, companies should be aware of any offers through what is referred to as the “Istiqla” platform which allows opinions to be taken on laws and regulations prior to their approval, the CEO of the center stressed.

Through the meeting, the NCC sought to emphasize the importance of the Saudi and Dutch business sectors to enhance economic cooperation between both countries.

Since its establishment in 2019, the NCC monitors the challenges facing the Kingdom’s private sector from various channels.

It works in integration with more than 60 government entities in order to address them in line with best practices that keep pace with global developments.

The NCC also helps both the public and private sector adopt new innovations, establish sustainability, create growth methods, and effectively use their resources.