China’s Sinopec interested in Saudi shale gas project, says president

China’s Sinopec interested in Saudi shale gas project, says president

RIYADH: Amid growing collaboration between Saudi Arabia and Thailand, the trade ties between the two countries are projected to increase to SR1 billion ($266.5 million) in the next three to five years, predicted a Thai official.

The volume of trade between Riyadh and Bangkok was recorded at SR470 million in 2022. Talking to Arab News on the sidelines of the Thai Trade Exhibition Saudi Arabia 2023 that is currently underway in Riyadh, Prayoon Inskul, permanent secretary of the Thai Ministry of Agriculture and Cooperation of Thailand, said trade is likely to grow across various sectors, especially in fisheries and livestock.

Prayoon Inskul, permanent secretary of the Thai Ministry of Agriculture and Cooperation of Thailand. AN photo by Huda Bashatah

Describing Saudi Arabia as the “center of the GCC region,” Inkul said it is the hub of trade and distribution of products to other countries in the region.

Riyadh and Bangkok have managed to forge a robust economic alliance, which is underpinned by several factors including shared economic interests and a commitment to leveraging each other’s strengths.

Thai Ambassador Darm Boomtham told Arab News that his country also had a strong petrochemical industry with extensive experience in downstream products.

“We have more than 30 years of experience”