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Australia seeks to boost economic ties with Saudi Arabia, says envoy

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Eyeing economic opportunities in Saudi Arabia and providing a platform for Australian companies to explore and deepen trade ties with the Kingdom, Trademark Group of Companies opened its office in Riyadh on Saturday.

Trademark Group of Companies is dedicated to helping Australian businesses to expand into Saudi Arabia and the wider Gulf Cooperation Council region, and vice versa.

Talking to Arab News on the sidelines of the Australian Saudi Business Networking Event in the Kingdom’s capital, Australian Ambassador Mark Donovan said the opening of the office will help both countries explore investment opportunities in various sectors including healthcare, construction, manufacturing, and agriculture.

It was the second Australian Saudi Business Networking Event hosted this year, and it witnessed CEOs and decision-makers from 22 companies exploring potential opportunities in the Kingdom.

“I think having the Trademark office here is going to be a big boost to bringing business delegations. In February, Trademark brought the largest Australian business delegation to visit the Kingdom. So, if we keep up the pace of those business delegations, then the commercial opportunities are going to grow and deals will be done,” the top diplomat said.

Trademark Group is a group of businesses within the construction, development and industrial manufacturing sector in Australia.

It is a community of businesses that come together and share investment opportunities, ideas and create relationships.

It serves as a platform that explores growth opportunities in different parts of the world.—AN

 

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