RIYADH: Five memorandums of understanding were signed on the sidelines of the Saudi-Thai Investment Forum in Riyadh on Monday.
The first MoU was signed between the Saudi Federation of Chamber and the Board of Trade of Thailand to explore investment opportunities in the private sector.
The second MoU signed between the Saudi Ministry of Investment and Gulf Energy Development Public Co. aims at evaluating and exploring investment opportunities in the field of petrochemicals industries.
The third deal between the Diriyah Gate Development Authority and Minor Group aims to launch multiple hotels in the region.
The fourth MoU between the Saudi Investment Ministry and Indorama Ventures is aimed at exploring petrochemical and conversion opportunities such as polymers, and fiber surfactants.
The fifth deal was signed between the Saudi Ministry of Investment and SCG and Dusit International. This deal is aimed at increasing foreign direct investments in Saudi Arabia.