Saudi Arabia and the Netherlands are looking into ways to expand their economic cooperation through joint ventures in the energy and circular economy sectors

Representatives from Dutch embassies in the Gulf Cooperation Council region and executives from major corporations like global consumer goods giant Unilever, multinational conglomerate corporation Philips, and lighting company Signify gathered at the Riyadh headquarters of the Kingdom's National Competitiveness Center.

Possibilities for future collaboration between the two nations were examined, as were avenues for fostering mutually beneficial economic partnerships in the areas of energy and transportation.

The NCC hoped to strengthen economic ties between the two countries by calling attention to the role that the two countries' business communities play in fostering collaboration.

Since its 2019 inception, the NCC has been keeping tabs on the threats affecting the private sector in the Kingdom through a number of different means.

It helps the public and private sectors adopt new innovations, establish sustainability, create growth methods, and effectively use their resources; and it works in integration with more than 60 government entities to address them in accordance with best practises that keep pace with global developments.