Saudi Arabia’s Bid For Expo 2030 Receives Support From The Dominican Republic:
Raquel Pena, Vice President of the Dominican Republic (DR) and head of the Investment Promotion Cabinet set up a meeting between Saudi Arabia and the Dominican Republic on Friday. The representatives talked about possible business partnerships. Also, during the meeting, the vice president said that the Dominican Government would back the Kingdom’s bid for the World Expo 2030. She said that the meeting was a great chance to work together and move toward a shared goal of increasing trade between the two countries and making it easy to get into new markets.
During the meeting, Pena told the Saudi delegation about business possibilities in the DR. Last year, the DR broke a record by obtaining more than $4 billion in investments. This is a 25% rise from the year before. Pena said that they are eagerly looking for new ways for both countries to work together. She added that their goal is to make it easier and more efficient for businesses to share strategic data for cooperation in a stable political and macroeconomic environment that inspires legal trust. This event is a one-of-a-kind chance to work together on a real plan and improve cooperation between the two countries in science, culture, and education.
The Dominican Export and Investment Center (ProDominicana) and the Saudi Ministry of Investment, represented by vice minister Badr Al-Badr, were also present at the meeting. The executive head of ProDominicana, Biviana Riveiro Disla, stressed how important it is to improve business ties between the DR and the Kingdom. Disla says that in the past seven years, trade between the two countries has been worth more than $126 million. She stated that ProDominicana has said it wants to look into new ways to increase the exchange of goods and investments through the Single Investment Window.
Over 60 people from different fields, such as energy, construction, tourism, real estate, medicine, food and drink, banking and finance, petrochemical, pharmaceutical, legal, aviation, mining, and industry, made up the Saudi Arabian delegation at the meeting. At the meeting were business leaders and government officials from the DR, as well as people from the ministries of energy, economy, and tourism, the Saudi Fund for Development, and the Royal Commission of Riyadh City.
Leveraging the World Expo 2030
The World Expo can be leveraged to enhance the host country’s public image and national prestige. Hosting the Expo is anticipated to yield significant economic advantages, particularly in terms of job creation and tourism growth. The Expo is a great chance for Saudi Arabia to show how far it has come in technology and new ideas. With a focus on sustainable development, the host country can also show off its work in renewable energy, smart cities, artificial intelligence, and robots.
The Dominican Republic’s endorsement of the Kingdom’s proposal to host the World Expo in 2030 demonstrates the effectiveness of global cooperation and teamwork. The meeting between the two nations emphasized not just business prospects but also the potential for cultural exchange, education, and scientific collaboration. This collaboration between the Kingdom and the DR is promising for future cooperation and sets the stage for a successful World Expo 2030.