RIYADH: The Philippines has secured over $120 million worth of business agreements on the first day of President Ferdinand Marcos Jr.'s visit to Saudi Arabia.
The President, who arrived here on Thursday afternoon, met with Saudi business leaders where they signed business deals that are expected to benefit more than 15,000 Filipinos. 'With an estimated value of over $120 million, the agreements that will be signed today are set to benefit more than 15,000 Filipinos in training and employment opportunities across a wide range of professions in the construction industry,' Marcos said during a roundtable meeting with Saudi business leaders.
'Indeed, the Philippines' economic achievements in the past year reflect the sustained efforts of this Administration, supported by the private sector, in fostering an enabling business environment, cutting red tape, lowering the cost of doing business, and improving competitiveness,' he added. The President assured them that the Philippine government 'is steadfast in its commitment to continuously support current and prospective Saudi investors.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos in Saudi Arabia: $120M in deals to benefit 15,000 FilipinosThousands of Filipinos will benefit from employment and training opportunities after the signing of the agreements, Marcos said in Riyadh.
Read more »
Marcos arrives in Saudi Arabia for Asean-GCC summitRIYADH: President Ferdinand Marcos Jr. arrived here on Thursday afternoon for the 2023 Association of Southeast Asian Nations-Gulf Cooperation Council Summit (Asean-GCC).
Read more »
Marcos pushes Maharlika Investment Fund in Saudi ArabiaPresident Ferdinand 'Bongbong' Marcos Jr. on Thursday pushed for the Maharlika Investment Fund among business leaders in Saudi Arabia.
Read more »