Business praises Löfven’s visit to Saudi Arabia

On Saturday prime minister Stefan Löfven travels to Saudi Arabia. In addition to meeting representatives of the Saudi royal family and the country’s foreign minister the prime minister will meet business representatives, including a reception at the Swedish embassy.

Although the visit has been criticised by politicians the business world is praising the visit. Marcus Wallenberg, chair of the Swedish Saudi Business Council, considers the visit an opportunity to anchor the council’s work at the highest political level. Dag Andersson, CEO of the dialysis company Diaverum is also pleased the visit has materialised.

Ali Shakir, trade secretary and country director for Business Sweden, says that the country has previously had unlimited funding but is now working on becoming less oil dependent and is searching for smarter solutions and turning to countries such as Sweden.