Saudi-Swedish Business Council launched in Stockholm

1 / 2
Saudi Arabia is Sweden’s largest economic partner in the Middle East and No. 1 trade partner among the Scandinavian countries. (SPA)
2 / 2
Saudi Arabia is Sweden’s largest economic partner in the Middle East and No. 1 trade partner among the Scandinavian countries. (SPA)
Short Url
Updated 08 October 2021
Follow

Saudi-Swedish Business Council launched in Stockholm

STOCKHOLM: Commerce Minister Dr. Majid bin Abdullah Al-Qasabi and Swedish Foreign Trade Minister Anna Hallberg inaugurated the Saudi-Swedish Business Council in Stockholm on Thursday.

Council members and representatives from the business and investment sectors in the two countries took part in the event.

Al-Qasabi, who is also the chairman of the board of the General Authority for Foreign Trade, said that the council was a mainstay in stimulating and encouraging the private sector on both sides.

It contributed to developing bilateral relations, exchanging expertise and knowledge, and setting plans and programs to seize investment opportunities and turn them into tangible partnerships, he said.

Saudi Arabia was “keen to enhance trade cooperation, facilitate exports to Sweden and the Scandinavian countries and exchange expertise and knowledge,” Al-Qasabi said.

Saudi Arabia is Sweden’s largest economic partner in the Middle East and No. 1 trade partner among the Scandinavian countries, with the volume of trade exchange in the past five years reaching more than $6 billion.

Al-Qasabi urged Swedish companies to invest in the Kingdom in promising sectors and to take advantage of the opportunities and initiatives of the Kingdom Vision 2030, especially in manufacturing industries and areas such as e-commerce and information technology.

He touched on the most prominent economic reforms related to Vision 2030, the most important investment opportunities, and the Kingdom’s achievements in empowering women, preserving the environment, and in the clean and renewable energy fields, and progress in commercial policies and in improving the business environment.

Meanwhile, the Saudi-Swedish Joint Committee was convened to enhance cooperation, headed by Jaber Al-Mishal, deputy governor of the General Authority for Foreign Trade.

The minutes of the meeting of the joint committee were signed, which outline the road map for strengthening cooperation in all sectors between the two countries. SPA Stockholm


Makkah’s urban shift enhances the city’s quality of life

Updated 52 min 49 sec ago
Follow

Makkah’s urban shift enhances the city’s quality of life

  • By harmonizing its religious heritage with modern urban development, Makkah is proving that a city can honor its past while vigorously embracing the future

MAKKAH: Islam’s holiest city is currently witnessing a qualitative urban shift, one that seamlessly blends its profound spiritual sanctity with a modern, vibrant lifestyle. By integrating cultural, educational, and entertainment initiatives, Makkah is redefining the visitor experience and significantly enhancing the quality of life for its residents, directly supporting the goals of Saudi Vision 2030.

The city’s transformation was recently highlighted by the success of the Makkah winter season. The event attracted approximately 400,000 visitors — over 60% of whom were locals — demonstrating a strong domestic demand for high-quality public spaces.

The season revitalized community interaction, driving a 35% increase in visits to recreational sites and creating more than 1,200 temporary jobs for the local workforce.

Central to this urban renaissance is the Hira Cultural District. Since opening its doors in January 2023 near the historic Mount Hira, the district has become a definitive landmark that bridges Islamic history with contemporary identity.

Makkah’s Hira Cultural District has become a definitive landmark that bridges Islamic history with contemporary identity. (SPA photo)

Far from being a static monument, the district has cultivated a thriving creative economy. Its craftsmanship program, which features over 100 artisans, has generated up to SAR 3 million in sales and attracted 130,000 visitors to live workshops. These interactive spaces allow visitors to engage directly with the region’s heritage, moving beyond passive observation to active participation.

A living legacy 

The shift extends to Makkah’s broader ecosystem of museums and cultural sites, which are now positioned as key pillars of cultural tourism. Facilities like the Revelation Exhibition use cutting-edge technology and multilingual content to narrate the story of the Holy Quran’s revelation, offering an immersive experience that complements the spiritual journey of pilgrims.

These efforts align with the “Makkah: A Living Legacy” campaign, which seeks to document the city’s historical narrative and preserve its collective memory. Recent months have seen a surge in educational workshops for university students and tour guides, ensuring that the human element of Makkah’s history is conveyed with accuracy and depth.

City’s transformation recently highlighted by the success of the Makkah winter season. (SPA photo)
 

Economic and social impact 

The results of this integrated approach are tangible. Specialized museums and restored historic sites now attract up to 1.6 million annual visitors. Crucially, this cultural enrichment is encouraging pilgrims to linger longer, increasing the average duration of stay by 18%.

By harmonizing its religious heritage with modern urban development, Makkah is proving that a city can honor its past while vigorously embracing the future, offering a holistic experience that nourishes both the soul and the community.