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Saudi delegation visit to Oeiras brings together leaders and strengthens ties between Portugal and Saudi Arabia

On January 13, Taguspark, an OVIA Member, hosted a workshop organized by the Portuguese Saudi Business Council (PSBC), marking a key milestone in commercial relations between Portugal and Saudi Arabia. This event, supported by the Arab-Portuguese Chamber of Commerce and Industry (CCIAP), highlighted investment opportunities and strategic cooperation between the two countries, paving the way for stronger bilateral partnerships.

The event was attended by H.E. Miguel Pinto Luz, Minister of Infrastructure and Housing, who spoke about Portugal’s potential in the area of existing infrastructure and highlighted investment opportunities in strategic sectors, including transportation, logistics, and renewable energies. The Minister underlined Portugal’s crucial role as a gateway to Europe and as a reliable partner for global investors.

During the workshop, the Chairman of the Board of OVIA, Ambassador António Martins da Cruz, also highlighted the uniqueness of the Oeiras Valley ecosystem, which is home to more than 25,000 companies in the most dynamic sectors, such as emerging technologies, artificial intelligence, pharmaceuticals, and cybersecurity. In addition, Ambassador António Martins da Cruz presented a video that illustrated the potential of Oeiras Valley as a center for innovation and investment.

The event was further enriched by the participation of OVIA Members, including Pedro Matias (ISQ), Manuel Teixeira Duarte (Grupo Teixeira Duarte), Sílvio Sousa Santos (Sharing Foundation), Fernando Reino da Costa (Unipartner), Teresa Apolónia (ASA Lawyers), and Bruno Braz (Consulgal), who established valuable networks of contacts within their respective sectors.

Another highlight of the workshop was the presentation of the “Saudi Made – Vision 2030” program, a strategic initiative by Saudi Arabia aimed at diversifying its economy and reducing dependence on oil. The program offers a range of benefits for investors, including:

  • Attractive tax and financial incentives;
  • Fast-track and simplified licensing for foreign projects;
  • Access to the Saudi market, the largest in the Gulf region, with opportunities in technology, tourism, renewable energy, and healthcare.

The workshop also featured discussions about the benefits and incentives offered to foreign investors in Saudi Arabia. It concluded with the signing of a cooperation protocol between the Portuguese Business Confederation (CIP) and the Federation of Saudi Chambers of Commerce.

This event further solidified Portugal’s position as a strategic partner on the global stage, with a particular emphasis on Oeiras as a hub for innovation and economic growth. It not only strengthened commercial ties but also positioned Oeiras and Portugal as priority destinations for high-value investments.

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