Saudi Arabia Signs Deal with Philippines to Provide Skilled Workers
Saudi Arabia and the Philippines have taken a significant step towards enhancing labor, investment, and economic collaborations. A key meeting held in Riyadh, graced by Philippines President Ferdinand Marcos Jr. and Minister of Investment Khalid bin Abdulaziz Al-Falih, marked this milestone. Representatives from both public and private sectors gathered to explore various facets of investment partnerships, including energy, industry, Islamic financial services, and food security.
One highlight of the meeting was the signing of a memorandum of understanding in the private sector, with a focus on human resources. This aims to address the skilled labor needs of the Saudi market through global collaborations with leading companies in this sector. The meeting also delved into ways to bolster relations between the two countries, strengthening cooperation in the labor sector, and effectively utilizing skilled Filipino workers across various industries.
The primary agenda was to identify investment opportunities and boost investment relations between Saudi Arabia and the Philippines. The goal is to foster quality investments and create a conducive environment for the private sector to benefit from investment prospects in both nations.
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