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 couries 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
 Jul 28 2016 - Syrian Pres. offers amnesty to those who lay down armsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, July 28 (KUNA) -- Syrian President granted amnesty for those who lay down their weapons and turn themselves in to the authorities, said a news source ...

 Jul 28 2016 - France to form forces to protect citizensKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, July 28 (KUNA) -- French President Francois Hollande confirmed that a National Guard would be formed from existing reserve forces to better protect ...

 Jul 28 2016 - EU calls for pause in fighting in AleppoKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, July 28 (KUNA) -- The EU called Thursday for an immediate "humanitarian pause" in fighting in Aleppo in Syria to ensure medical evacuations and the ...

 Jul 28 2016 - PKK kills 2 Turkish policemen in Hakkari southeast regionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISTANBUL, July 28, (KUNA) -- Two Turkish policemen were killed and 15 others were injured after a car bomb exploded in the southeast province of Hakkari, said a ...

 Jul 28 2016 - Syrian Pres. offers amnesty to those who lay down armsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, July 28 (KUNA) -- Syrian President granted amnesty for those who lay down their weapons and turn themselves in to the authorities, said a news source ...

 Jul 28 2016 - Kuwait- KSE ends Thursday trading with mix boardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 28 (KUNA) -- The trading at Kuwait Stock Exchange (KSE) ended Thursday with the benchmark going down by 1.17 points, hitting 5,460.73 points. The ...

 Jul 28 2016 - Kuwait- KRCS launches food project for refugees in LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BEIRUT, July 28 (KUNA) -- Kuwait Red Crescent Society (KRCS), in cooperation with the Lebanese Red Cross, launched Thursday the 13th campaign to provide food for ...

 Jul 28 2016 - Kuwait- Al-Ghanim receives Acting chief of Audit Bureau, U.S. envoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 28 (KUNA) -- National Assembly Speaker Marzouq Al-Ghanim received, in his office Thursday, Acting chief of the Audit Bureau Adel Al-Sarawi. The ...

 Jul 28 2016 - France to form forces to protect citizensKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, July 28 (KUNA) -- French President Francois Hollande confirmed that a National Guard would be formed from existing reserve forces to better protect ...

 Jul 28 2016 - Sadafco solar power system sees the lightMENAFN
(MENAFN) Sadafco has given the go-ahead for its new photovoltaic-diesel hybrid system that delivers up to 40% of its Riyadh Regional Distribution Centre's daytime energy requirements.Saudia Dairy 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

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