Saudi Arabia uses OECD meeting to discuss strengthening economic cooperation with several European countries

The meeting took place in Paris, France (Shutterstock)
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Updated 20 February 2023
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Saudi Arabia uses OECD meeting to discuss strengthening economic cooperation with several European countries

RIYADH: Saudi Arabia discussed ways to strengthen economic cooperation with several European countries during its participation in the ministerial meeting of the Organization for Economic Cooperation and Development.

The international meeting – which took place in Paris, France – discussed the role of responsible business behavior in the global economy, and the contribution of the private sector to economic growth.

During the meeting, the Kingdom’s Minister of Economy and Planning Faisal Al-Ibrahim examined ways to propel financial sustainability and digitization.

Al-Ibrahim met the French Minister of Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire to scrutinize ways to strengthen economic relations between the two countries and resolve issues of common interest, according to a statement. 

In addition to this, the Minister of Economy and Planning also crossed paths with Secretary General of the International Bureau of Exhibitions Dimitri Kirkentzes and reviewed the Kingdom’s efforts to host the Riyadh Expo 2030.

On the sidelines of the international meeting, the minister met with CEO of French construction engineering firm Egis Laurent Germain and discussed the Gulf country’s roadmap to becoming a pioneer in empowering the private sector within the framework of the Kingdom’s Vision 2030.

Al-Ibrahim also spoke with Emmanuel Bonne, the diplomatic advisor to the French President, about the latest economic developments and the most prominent issues of common concern.

Moreover, the minister reviewed with the Secretary General of the OECD Matthias Kormann the economic progress in the Kingdom within the framework of the Vision 2030 as well as potential opportunities for joint cooperation between the Kingdom and the Organization.

Dominican Minister of Labor Luis Miguel de Camps discussed opportunities to enhance economic and investment cooperation between the two countries with Al-Ibrahim.

Al-Ibrahim also met with Helen Bodleger Artida, Switzerland’s minister for economic affairs, and the pair held talks over the strengthening of economic relations and the latest developments of common interest between both countries.

He concluded his series of meetings with Peter Siarto, Hungarian minister of foreign affairs and trade, in which they went over a number of areas of cooperation between the two countries and areas of mutual significance.


Trucks and vehicles crossing Saudi Arabia’s ports up 24% in 2025, reaching 4.7m

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Trucks and vehicles crossing Saudi Arabia’s ports up 24% in 2025, reaching 4.7m

RIYADH: The number of trucks and vehicles entering and exiting through Saudi customs ports jumped to 4.7 million in 2025, recording annual growth of 24 percent compared with 2024, according to the Zakat, Tax and Customs Authority in statements to Al Eqtisadiah. 

Specialists in the logistics services sector attributed the increase to transformation in the field, starting with raising the efficiency of ports, speeding up procedures, and adopting unified platforms to facilitate processes for importers and exporters. 

The authority reported that the total number of trucks and vehicles that crossed Saudi customs ports over the past three years exceeded 11.8 million trucks and vehicles, with an annual average of 4 million, of which 6.3 million were incoming vehicles and 5.5 million were outgoing. 

Five ports recorded the largest share of truck and vehicle traffic: Al Batha, Al Haditha, King Fahd Causeway, Al Khafji, and Salwa, which are all considered key arteries for interregional and regional trade movement. 

The authority indicated that customs ports completed procedures last year for 2.6 million trucks and vehicles arriving in Saudi Arabia, in addition to 2.1 million trucks and vehicles departing, reflecting the efficiency of procedures and the speed of completing customs operations. 

On the operational side, land, sea, and air ports completed procedures for 2.5 million containers and cleared 7 million customs declarations, alongside the authority’s expansion in developing procedures and programs that support the flow of goods. 

Chief among these was the launch of the updated version of the Saudi Authorized Economic Operator Program, with the participation of 14 government entities. 

The program contributed to increasing the number of registered establishments from 560 establishments in 2024 to 753 by the end of 2025, a growth rate of 34.5 percent, enhancing the reliability of supply chains and raising the efficiency of logistics operations in line with global best practices. 

Smart platforms and ports behind the growth 

Supply chain and operations management consultant Khaled Al-Zahrani explained that these positive indicators do not only reflect growth in traffic volume, but also expansion in the application of digital solutions and the linking of entities through unified platforms, which helped reduce operating costs for importers and exporters. 

Logistics specialist Nashmi Al-Harbi said that the efficiency of customs ports indicates the development of digital and operational infrastructure through faster procedures and building trust with trading partners, which reduces customs clearance time and enhances supply chain flexibility. 

In turn, Sami Al-Otaibi, a specialist in logistics services and customs clearance, explained that infrastructure projects and smart ports have begun to yield tangible results on the ground.