Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

KSA and Azerbaijan sign deals to boost trade and investment  Join our daily free Newsletter

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



(MENAFN - Arab News) President of Azerbaijan Ilham Aliyev Tuesday received a Saudi high-level delegation led by governor and Chairman of the Board of Directors of the Saudi Arabian General Investment Authority (SAGIA), Abdullatif Al-Othman.
The event brought together Azerbaijani and Saudi businessmen operating in industry, oil, construction, food, education, business, ICT and finance.
Al-Othman, who is also co-chair of the Saudi Arabia-Azerbaijan Intergovernmental Joint Commission, is leading Saudi businessmen and investors to Baku to attend the first Azerbaijan-Saudi Arabia business forum organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO). The two-day event ended on Wednesday (Dec. 11).
SAGIA's Deputy Director Prince Saud bin Khaled Al-Faisal was present.
In a statement from Baku, Azerbaijani Minister of Economy and Industry Shahin Mustafayev addressed the meeting who said that the two countries had signed more than 10 documents on cooperation in economic, trade, and investment spheres.
He noted that six Saudi companies are operating in Azerbaijan and they have invested 368 million in the country's economy. The minister hailed Azerbaijans relations with Saudi Arabia in various sectors. He underlined the importance of such forums in stimulation of business initiatives, determination of new cooperation opportunities and expansion of commercial and economic relations.
Azerbaijan president at his sideline meeting with Saudi delegation noted the fast growing bilateral relations between the two countries in various fields.
Describing Saudi Arabia as one of the main and vital partners, the head of state praised the big potential in the bilateral cooperation between the two countries. He expressed confidence that the two countries would make important progress in this direction.
President Aliyev conveyed his greetings to Custodian of the Two Holy Mosques King Abdullah and to Crown Prince Salman, deputy premier and minister of defense.
SAGIA governor invited more Saudi Arabian businessmen to visit Azerbaijan, citing the big opportunities in the country he has seen during this visit. He spoke highly on the strong ties between the two countries citing many background aspects, including similarities in culture and faith while both of them are members of the Organization of Islamic Cooperation (OIC).
Al-Othman, while congratulating Azerbaijan president for his re-election, conveyed the greetings of Saudi Arabia's leadership to the president.
He said they had witnessed a big development processes in Azerbaijan under the leadership of the president, adding that King Abdullah is keen on the strengthening the bonds between the two countries and utilize the opportunities for expansion of these ties.
The Baku Business Center hosted an Azerbaijan-Saudi Arabia business forum as part of the visit of the Saudi delegation to Azerbaijan during which the participants took a tour of an exhibition on Baku Business Centers social and economic development. They were informed about Azerbaijans economy and projects implemented in the country.

 


Arab News




  MENA News Headlines
 Nov 27 2014 - Lebanon mourns 'songbird' SabahArab News
(MENAFN - Arab News) BEIRUT: Iconic Lebanese singer and actress Sabah died Wednesday at the age of 87 after a seven-decade career and a colorful love life that kept her in the headlines until the ...

 Nov 27 2014 - Egypt drops ban on 'adults only' filmArab News
(MENAFN - Arab News) CAIRO: An Egyptian court has revoked a government ban on a film by Lebanese star Haifa Wehbe that had been deemed sexually provocative judicial sources said on Wednesday.In April ...

 Nov 27 2014 - Saudi- Prince vanishes from social mediaArab News
(MENAFN - Arab News) NEW YORK: Prince whose distaste for the music industry's conventions is well known has abruptly disappeared from social media after tentative efforts to promote his two new ...

 Nov 27 2014 - Saudi- Cumberbatch quits smokingArab News
(MENAFN - Arab News) LONDON: 'Sherlock' star Benedict Cumberbatch has revealed he left smoking one month back.The 38-year-old actor said staying away from cigarette is helping him stay healthy ...

 Nov 27 2014 - Saudi- Dilip Kumar perfectly fine: Big BArab News
(MENAFN - Arab News) MUMBAI: Thespian Dilip Kumar is 'perfectly fine' says actor Amitabh Bachchan quashing rumors of the former's health scare.Social networking platforms were abuzz with rumors ...

 Nov 27 2014 - Saudi- Turki Khan: Changing society one step at a timeArab News
(MENAFN - Arab News) Dreams ambitions and determination have no limits dedication to those three traits can take that dreamer ambition-seeker and determined young man or woman to places he or she ...

 Nov 27 2014 - Saudi- Exploring fine art through pencilArab News
(MENAFN - Arab News) Eman Al-Qahtani is a successful talented and ambitious young Saudi artist. She combines thoughts and colors in her paintings. She has her own art method; a painting is to deliver ...

 Nov 27 2014 - Saudi- Qatar lifts 22nd Arabian Gulf CupArab News
(MENAFN - Arab News) Qatar rallied to get the better of Saudi Arabia 2-1 to win the 22nd Arabia Gulf Cup football tournament at the King Fahd International stadium in Riyadh Wednesday night.Playing ...

 Nov 27 2014 - Saudi- Al Kabeer climbs to No. 2 after honors sweep in Globe CupArab News
(MENAFN - Arab News) One mighty performance that saw Al Kabeer Frozen Foods sweep honors had the defending champion moving up the leaderboard after the eighth week in the Thursday League 12th ...

 Nov 27 2014 - Al-Taib wins Fastest Car Race 2014 in RiyadhArab News
(MENAFN - Arab News) Ahmed Al-Taib a Saudi topped the Fastest Car Race 2014 which was organized at Dirab Park racetrack in Riyadh. Al-Taib won the race in a Porsche 911 Turbo which is characterized ...

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