Quotes: 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
 Jun 2 2015 - HE FM Assistant Meets UN Official, Discuss Libyan DevelopmentsQatar News Agency
(MENAFN - QNA) HE Foreign Minister's Assistant for International Cooperation Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Tuesday with Special Representative of the UN ...

 Jun 2 2015 - HE Minister of Environment Attends Seminar on Genetic ResourcesQatar News Agency
(MENAFN - QNA) The Agricultural Research Department hosted Tuesday a seminar on the access to genetic resources and its benefit. The seminar is to celebrate the World Environment day and was held at ...

 Jun 2 2015 - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - HE Minister of State for Defense Affairs Meets Turkey's Deputy Minister of National DefenseQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met here Tuesday with Turkey's Deputy Minister of National Defense Hassan Kamal Yar Deja and his ...

 Jun 2 2015 - Qatar - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - Serbian Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Serbia's Minister of Public Administration and Local Self-Government Kori Udovicki has met with HE Qatar's Ambassador in Belgrade Sheikh Mubarak bin Fahad Al-Thani. Discussions ...

 Jun 2 2015 - Saudi GDP to grow 3.5 percent in 2015MENAFN
(MENAFN) Saudi Arabia's Gross Domestic Product (GDP) is set to record 3.5 percent growth this year, remaining unmoved from 2014, according to the International Monetary Fund, Reuters reported.As the ...

 Jun 2 2015 - UAE spends USD14.3b over Etihad AirwaysMENAFN
(MENAFN) The government of the United Arab Emirates has spent over USD14.3 billion in Etihad Airways, USD9.1 billion was granted through equity financing and USD5.2b through loans, Arabian Business ...

 Jun 2 2015 - Famous international brands to capitalise their investments in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Ten years ago, no one would have imagined buying high-end products right from the heart of Cairo. However, nowadays, average local malls display impressive line of ...

 Jun 2 2015 - Egypt- Online platform to connect NGOs with private sector profitsDaily News Egypt
(MENAFN - Daily News Egypt) In the words of 23-year-old Khaled Yousry regarding his project: "I just want to make this country a better place for people to live in."Talking about the main reason he ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help