The Federation of Thai Industries (FTI) sees a new business opportunity for Thai companies under the newly-forged Thai-Saudi trade cooperation that could lead them to earn revenue in Riyadh's ambitious plan to build the US$500-billion mega-city of Neom.
The prospect follows the establishment of a Joint Business Council between the two countries to promote their trade under a memorandum of understanding recently signed by the Joint Standing Committee on Commerce, Industry and Banking and the Federation of Saudi Chambers of Commerce.
Commerce Minister Jurin Laksanawisit said earlier he expected business deals between the two countries to reach 10 billion baht within a year of the council's establishment.
