The President of the Saudi Arabia-Portugal Business Council says ties between the two countries are strengthening across institutional, business and cultural levels, describing Portugal as a "gold" market for Saudi investors and highlighting growing opportunities for bilateral investment.
Relations between Portugal and Saudi Arabia are gaining momentum, with increasing cooperation in business, investment and institutional partnerships, according to Alwalid Albaltan, President of the Saudi Arabia-Portugal Business Council (SPBC).
Writing in an opinion article published by Expresso, Albaltan said Portugal has become an increasingly attractive destination for Saudi investors, describing the country as "gold" thanks to its business environment, technical expertise and investment potential.
Over the past two years, the SPBC has expanded its network to more than 70 Saudi private-sector members and has played an active role in strengthening economic links between the two countries. The council is also finalising the establishment of the Strategic Deals Company for Investment (SDCI) in Portugal and supporting the creation of ANJE Saudi Arabia, a platform designed to help Portuguese SMEs and start-ups enter the Saudi market.
Albaltan highlighted Saudi Arabia's Vision 2030 strategy as a major opportunity for Portuguese companies, particularly in sectors such as construction, housing, tourism, renewable energy, technology and artificial intelligence. He said Portuguese businesses possess the expertise and execution capabilities needed to contribute to the Kingdom's large-scale economic transformation.
While acknowledging that further work is needed to convert business meetings into concrete projects, Albaltan noted that Portuguese companies are already expanding into Saudi Arabia and expressed confidence that Saudi investment in Portugal will become increasingly visible in the coming years.
The growing partnership reflects a shared commitment to long-term economic cooperation, innovation and sustainable investment between the two countries.
