Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - 'Polish ties to reach new heights'  Join our daily free Newsletter

MENAFN - Arab News - 09/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Kingdom and Poland pledged in Riyadh Sunday to take bilateral trade to new heights in the coming years.
Polish President Bronislaw Komorroski said here that the two countries have immense potential to forge ahead in bilateral trade.
Komorroski was speaking at a meeting held in Riyadh at the Council of Saudi Chambers in the presence of Commerce and Industry Minister Tawfik Al-Rabiah, CSC President Adbullah Al-Mobty and Polish and local businessmen.
The president said that despite the current world recession, Poland has been able to maintain its economic growth levels and stability, which made it the only European country that did not show a drop in its GDP. These positive results are due to the increase in export levels, which reached 143.4 billion euros last year, marking a 4.9-percent growth compared to 2011.
He pointed out that Poland achieved a 180-percent growth rate between 1989 and 2007.
He recalled that relations between the Kingdom and Poland were built on strong mutual respect and understanding. He pointed out that the late King Faisal visited Warsaw in 1932 and Custodian of the Two Holy Mosque King Abdullah subsequently paid a visit in 2007.
"We have witnessed significant economic growth, which resulted in Poland becoming a member of the World Trade Organization, European Union and other global bodies," the president said, stressing that the interest of foreign investors are well protected in the country.
Bilateral trade reached 600 million last year, he said. He called on Saudi businessmen to invest in promising sectors such as the petrochemical industry, infrastructure development, tourism, railways, mines, agriculture and construction of roads. He invited Saudi businessmen to the 285 billion stock market, which has a membership of over 450 joint stock companies.
Al-Mobty said the visit of King Abdullah to Poland was a landmark event, where he signed a number of economic agreements in the field of investment protection, trade cooperation and for technical and vocational training programs.
Al-Mobty called on Polish businessmen to make direct investments in the Kingdom and urged businessmen in both countries to redouble their efforts and work together to achieve new partnerships in nontraditional sectors.
Khalid Al-Otaibi, the council's secretary-general, outlined the incentives offered by the Kingdom to foreign investors. "We have a high economic growth and own a quarter of world's oil reserves," he said, adding that the Saudi economy is the largest in the Middle East and among the top 20 in the global economy.


 


Arab News




  MENA News Headlines
 Oct 20 2014 - Saudi stocks buck trend with healthy gainsArab News
(MENAFN - Arab News) Saudi Arabia's benchmark Tadawul All-Share Index bucked the three-day prevailing downward trend and logged a sharp gain of 2.39 percent on Sunday.The index opened with a largely ...

 Oct 20 2014 - Saudi- NCB pledges conversion to Islamic bank after pressure from scholarsArab News
(MENAFN - Arab News) RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within ...

 Oct 20 2014 - HE Prime Minister Inaugurates Milipol Qatar 2014Qatar News Agency
(MENAFN - QNA) Under the auspices of HH the Emir Sheikh Tamim bin Hamad Al-Thani, HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated the 10th ...

 Oct 20 2014 - HE Prime Minister Meets Commander of Turkey's Aegean ArmyQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Commander of Aegean Army General Abdullah Atay and ...

 Oct 20 2014 - HE Prime Minister Meets Iran's Police ChiefQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Monday with Chief of Iran's National Police Forces Commander Ismael Ahmadi and the ...

 Oct 20 2014 - Israeli Forces Arrest Four Palestinians from Bethlehem and HebronQatar News Agency
(MENAFN - QNA) Israeli forces arrested early Monday four Palestinians from Bethlehem and Hebron districts, said security sources. Large Israeli troops raided the town of Taqou‘ to the east of ...

 Oct 20 2014 - 20 million to vacation abroad by 2030Arab News
(MENAFN - Arab News) The number of Saudi vacationers spending their holidays abroad will increase sixfold by 2030 a local study revealed.The study carried out by a company specializing in travel ...

 Oct 20 2014 - Student's death in US: Cousin reveals detailsArab News
(MENAFN - Arab News) Several relatives of Abdullah Alkadi the Saudi scholarship student in the US whose body was found late on Thursday more than a month after he went missing are flying to Los ...

 Oct 20 2014 - King orders free treatment for people with special needsArab News
(MENAFN - Arab News) Custodian of the Two Holy Mosques King Abdullah has instructed the Ministry of Social Affairs to pay the treatment costs of people with disabilities at rehabilitation centers. ...

 Oct 20 2014 - S. Korea's Int'l Airline Traffic Grows 9.12 in Q3Qatar News Agency
(MENAFN - Qatar News Agency) Seoul October 20 (QNA) - South Korea's international airline traffic rose 9.1% from a year earlier in the third quarter partly on a rise in the number of flights to and ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help