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  • Sheryll Mericido

Saudi-CARICOM Summit Marks Milestone in Ongoing Bilateral Relations

Saudi Arabia has been actively cultivating ties with the Caribbean Community (CARICOM) since its inception, guided by principles of mutual respect, cooperation, and shared interests. The recent staging of the Saudi-CARICOM Summit in Riyadh represents a significant stride, being the first summit to involve heads of CARICOM states.

Building on its commitment, Saudi Arabia participated in the ninth summit of the Association of Caricom States, emphasizing the importance of multilateral coordination and joint action to address international challenges and foster peace and security. Trade between the Kingdom and Caribbean nations in 2023 amounted to SAR203.18 million, with exports reaching SAR102.34 million and imports totaling SAR100.84 million.

The Saudi-Caribbean Investment Forum, convened in July 2022, served as a pivotal platform uniting investors from both the public and private sectors to explore investment opportunities. The summit's overarching goal is to fortify trade and investment relations, delve into prospective investments in the food and agriculture sectors, and facilitate the exchange of expertise, research, modern technologies, and best practices—aligning with the objectives of Saudi Arabia's Vision 2030.

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