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Portugal – Saudi Arabia bilateral relations officialized on July 18th, 1980
The Ambassador of Portugal to Saudi Arabia is H.E. Nuno Vaultier Mathias
The Ambassador of Saudi Arabia to Portugal is H.R.H. Prince Saud bin Abdul Mohsen bin Abdul Aziz
There is evidence of human presence in the Arabian Peninsula dating to 15,000 to 20,000 years ago. The First Saudi State, Diriyah was established on February 22nd, 1727 by Muhammad bin Saud. King Salman bin Abdulaziz Al Saud proclaimed February 22nd as Founding Day, an important National Celebration.
In 1932, King Abdulaziz Al-Saud united and founded the Kingdom of Saudi Arabia. September 23rd is the Saudi National day.
Portugal and Saudi Arabia’s first known interactions date back to the 16th century when the Portuguese tried to conquer Jeddah, the so-called Siege of Jeddah in 1517.
The Portuguese didn’t achieve their goal, and some historians believe the origins of the Christian Cemetery of Jeddah are related to that battle.
Today Saudi Arabia is a key destiny of Portuguese exports and the two countries have a positive and cooperative relation, upholding often meetings to boost economic ties between one another.
The Tarout Island, is known as one of the first inhabited lands in the Arabian Peninsula, close to the of Al-Qatif, in the Persian Gulf, was colonized by the Portuguese. Some sources mention the origin of Tarout Castle dates back to 5000 years ago and in the 16th century, there was Portuguese intervention in it, having become part of the Portuguese defense strategy in the Gulf. Today is a tourist attraction. Interestingly, is locally known as “Castelo”, which is the Portuguese word for Castle.
The history of Tarout Island proves that Saudi Arabia is a key strategic location since the earliest times of international trade.
Vision 2030 is a progressive blueprint for the future of Saudi Arabia, one that reflects the Kingdom’s great potential. This blueprint is focused on the foundations of “A Vibrant Society”, “A Thriving Economy”, and “An Ambitious Nation”.
It is a plan to create a nation where citizens can realize their full potential and take part in the global economy, with objectives focused on creating jobs, reducing dependence on oil, improving the quality of life for citizens, and promoting human rights and tolerance.
In addition, sets out an ambitious roadmap for achieving economic and social transformation, with a society that is open for business, investment, and encourages innovation and entrepreneurship.
Vision 2030 is an opportunity for Saudi Arabia to become a model for the Arab world and the world beyond. It is a chance to create a nation that is prosperous and tolerant, one that can play a leadership role in the global economy and society.
A tremendous chance to create a flourishing future for the people of Saudi Arabia, and to make the Kingdom a place that all can be proud of.
This has opened a tremendous amount of opportunities to explore business (see Invest Saudi link below). The Public Investment Fund (PIF, 900+bn USD in AUM as of 2024) continues to expand its investment portfolio in alternative assets nationally and across the globe.
There are remarkable projects in Tourism such as NEOM and subsequent Sindalah or The Line, Culture, and opportunities for Inter-Religious dialogue with the construction of new museums.
The NEOM project is a groundbreaking and ambitious project that seeks to create a new city in the northern region of Saudi Arabia. It is the first of its kind in the region, and it seeks to create a globally connected, sustainable, and high–tech hub for the future. The project aims to create a vibrant, future–focused city that will reshape how we live, work, and play in the 21st century.
The unique nature of the NEOM project lies in its scale, ambition, and potential. It seeks to create a self-sustaining technological and economic hub, with the potential to transform the region. It plans to create a completely new city with state-of-the-art technology, advanced infrastructure, and a vibrant, forward-thinking culture. This will create new opportunities for businesses, entrepreneurs, and investors, and could lead to exciting new discoveries in areas such as renewable energy, artificial intelligence, and robotics.
NEOM project is immense. It has the potential to create an unprecedented number of jobs, attract new investments, and become a global leader in innovation creating an environment that is conducive to economic growth.
Within this context, we see the potential to increase the Portugal-Saudi Arabia tourism flux.
Luznur Capital will showcase on its social media and website news and events involving Portugal and Saudi Arabia, trusting that the next years will be of great prosperity for these two nations of great wealth.
