Poland Aims to Boost Trade with Saudi Arabia to $10 Billion, Minister Says
Riyadh, Saudi Arabia: Poland expects its trade with Saudi Arabia to reach $10 billion, Andrzej Domanski, Poland’s Minister of Finance and Economy, announced during his visit to Riyadh on Monday. Domanski highlighted the Kingdom as a reliable partner as Polish companies seek diversification and new markets.
Speaking on expanding bilateral trade, Domanski said the partnership is evolving beyond energy into sectors including clean energy, information and communications technology (ICT), food security, construction, and potentially defense.
“Saudi Arabia’s pace of transformation and economic ambition under Vision 2030, along with its position as Poland’s largest Middle Eastern trading partner, are driving a new phase in our bilateral relations,” Domanski said.
Bilateral trade has grown from about $7 billion in 2022 to roughly $8.5 billion in 2023, largely driven by crude oil imports. Domanski noted that Poland aims to broaden collaboration in areas such as clean energy, with projects in solar, nuclear, and renewable energy where Saudi investment could play a role.
Polish companies also see opportunities in ICT and digital services, offering expertise in AI, cybersecurity, and smart-city solutions. Domanski said, “Polish firms are highly skilled and recognized in Europe, and we hope to expand their presence here in Riyadh.”
Other areas of potential cooperation include food security and construction. Poland, as a significant food producer, aims to explore joint ventures with Saudi partners, while construction companies are positioned to support the Kingdom’s rapid infrastructure development.
Domanski emphasized the importance of high-level coordination, noting that during his visit, discussions focused on establishing formal communication frameworks and assigning responsibilities for specific cooperation areas. He also expressed hope that Saudi delegations will participate in Poland-hosted events, including the Ukrainian Recovery Conference and a major economic congress in Katowice later this year.
Energy cooperation remains central, anchored by Saudi Aramco’s stake in the Lotos refinery in Gdansk — Poland’s largest Saudi direct investment — ensuring long-term crude-supply contracts and strengthening energy security.
While his current focus is economic, Domanski did not rule out expanding cooperation into defense, noting Poland’s growing defense industry and spending, which could offer solutions and equipment relevant to Saudi Arabia.
“Polish companies are getting larger and looking for new markets and reliable partners like Saudi Arabia,” Domanski said, stressing the potential for continued growth and diversification in the bilateral relationship.
