Malta and Saudi Arabia deepen commercial ties through Chamber MoU

Malta and Saudi Arabia have taken a step towards closer economic cooperation following the signing of a Memorandum of Understanding between the Malta Chamber of Commerce, Enterprise and Industry and the Federation of Saudi Chambers.

The agreement concluded a visit by a Saudi business delegation led by Abdulhadi Al Hababi, Chair of the Saudi Maltese Business Council, alongside Abdulaziz Nasser Al Asim, First Secretary and Head of Political and Economic Section at the Saudi Embassy in Rome, and a group of business leaders.

According to a press statement, the visit marked a “significant step forward” in bilateral economic relations, opening the door for future collaboration between Maltese and Saudi enterprises.

The programme focused on strengthening trade links, exploring investment opportunities and creating structured engagement between stakeholders. It included two Malta–Saudi business roundtables, a Chamber session presenting Malta as an investment platform, and an event hosted by TradeMalta and Malta Enterprise for senior institutional representatives.

The delegation also met with Deputy Prime Minister and Minister for Foreign Affairs and Tourism Ian Borg, who said the agreement provides “a platform for deeper business cooperation, stronger institutional ties, and new opportunities for Maltese and Saudi enterprises”.

Government Envoy for the Gulf Zachary Borg, who facilitated the visit, described it as “practical, focused, and outcome driven”, aimed at establishing a “credible and active Malta–Saudi corridor” for trade and investment.

The MoU was signed at the Chamber’s Council Room in Valletta. Chamber President William Spiteri Bailey said the agreement “cements our growing partnership” and will support the exploration of new economic opportunities.

Mr Al Hababi noted that the delegation’s objective was to build “serious and lasting business ties”, describing the MoU as a first step towards broader cooperation across multiple sectors.

These include financial services and Fintech, Esports and digital media, hospitality and tourism, artificial intelligence and technology, as well as logistics, maritime and aviation.

The visit forms part of a two-way strategy aimed at supporting Maltese companies entering the Saudi market while positioning Malta as a gateway for Saudi investment into Europe. Further engagements are expected in the coming months, including a potential second, larger delegation focused on targeted business and government collaboration.