Saudi Arabia and Serbia are deepening their economic and diplomatic ties, with a focus on enhancing cooperation across several sectors including energy, technology, agriculture, food industries, and trade. Recent discussions between the two nations have centered on collaborative energy projects, the advancement of information and communications technology, and boosting agricultural cooperation. Both countries are keen to increase the presence of Serbian companies in the Saudi market and encourage more Saudi investment in Serbia.
In a significant diplomatic development, Saudi Deputy Foreign Minister Waleed Elkhereiji and Serbian Foreign Minister Marko Duric met in Belgrade to sign an agreement that removes visa requirements for holders of diplomatic and official passports. This move is anticipated to facilitate smoother official exchanges and strengthen ties between the two nations.
The economic relationship between Saudi Arabia and Serbia has seen rapid growth, with bilateral trade reaching $121 million in 2025, a dramatic increase from 2012 levels. The momentum continued into the first half of 2026, with trade surging to $130.4 million, marking a 152% rise compared to the same period in the previous year. This upward trend underscores the growing economic partnership between the two countries.
Looking ahead, the upcoming EXPO 2027 in Belgrade and EXPO 2030 in Riyadh are poised to offer further avenues for investment, business collaborations, and the exchange of expertise. Saudi Arabia has confirmed its participation in EXPO 2027, where it plans to highlight its economic progress, innovations, cultural heritage, and investment prospects. Meanwhile, Serbia is set to engage in the Saudi Food exhibition in Jeddah with a delegation of over 50 companies, exploring new opportunities for collaboration in science and technology.