Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

25 Russian companies to invest inSaudi Arabia  Join our daily free Newsletter

MENAFN - Arab News - 15/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) Twenty-five Russian investment companies plan to enter the Saudi market soon in an initiative that hopes to boost economic relations between the two countries. An official delegation of major Russian stakeholders will visit the Kingdom in the next two months to discuss future investments with governmental bodies and Saudi businesses

Hamad Al-Yahya, CEO of an investment corporation that is organizing the visit, said: “The visit comes in light of the strong political and economic relationship between Saudi Arabia and Russia. International companies are considering Saudi Arabia as a new economic marketplace after the economic renaissance in the Kingdom under the leadership of Custodian of the Two Holy Mosques King Abdullah.

Al-Yahya praised the economic support given to the governmental projects in the Kingdom and said the meeting, supervised by the Russian Embassy in Saudi Arabia, will attempt to link Saudi authorities with their Russian counterparts and focus on choosing the best Russian companies to enter the Saudi market

Investments will be mainly in medical, agricultural, educational and industrial fields as well as the food industry, and communications and information technology

Saudi Arabia’s main imports from Russia include reinforced steel bars, barley, polished brass, copper pipes and drilling equipment, as well as semi-finished metal products. The Kingdom’s main imports from Russia in 2007 reached 32 percent of the Russian exports of iron pipes and 40 percent of the Russian exports of barely in the period between 2006 and 2010

Saudi exports to Russia are mainly petrochemical products (dyes), dates and maintenance equipment for ships and sanitary ware.

In the Kingdom’s trading partners list, Russia moved up from the 60th to the 24th exporter to the Kingdom, and leveled up from the 99th importer from Saudi Arabia to the 82nd within ten years.


 


Arab News




  MENA News Headlines
 Apr 27 2015 - Omani Tourists Stranded In Nepal Foreign Ministry Forms Evacuation TeamMuscat Daily
(MENAFN - Muscat Daily) The Nepal Embassy in Muscat has said that five Omanis are stranded in Kathmandu which has been left devastated by the earthquake.Bharat Kumar Regmi, chargé d'affaires at the ...

 Apr 27 2015 - H E Rumhi To Open Comex TodayMuscat Daily
(MENAFN - Muscat Daily) The IT, Telecom and Technology Show (Comex 2015) will begin at the Oman International Exhibition Centre on Monday under the patronage of H E Dr Mohammad bin Hamad al Rumhi, ...

 Apr 27 2015 - Agreement On Direct Shipping Line Between Iran And Sohar SignedMuscat Daily
(MENAFN - Muscat Daily) A direct shipping line between Oman and Iran came to fruition with the signing of an agreement between the two countries on Saturday.The new route will be created between ...

 Apr 27 2015 - Eshtaghal EXPO employment fair open for 2 daysDaily News Egypt
(MENAFN - Daily News Egypt) The Eshtaghal EXPO kicked off Friday with the aim of breaking the barrier between youth and more than 25 companies."We are creating real work and training opportunities," ...

 Apr 27 2015 - $300m needed to complete Grand Egyptian Museum: Antiquities MinistryDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Antiquities is working towards securing $300m to complete the Grand Egyptian Museum's construction, after costs rose from $800m to $1.1bn, Antiquities ...

 Apr 27 2015 - Housing ministry requests tightened measures to avoid construction violationsDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Housing Mostafa Madbouly asked Minister of Local Development Adel Labib to tighten measures, place the necessary procedures and abide by the provisions of the ...

 Apr 27 2015 - Petroleum Ministry owes EGP 100bn to Finance MinistryDaily News Egypt
(MENAFN - Daily News Egypt) The Petroleum Ministry's crisis regarding its obligation to pay dues of foreign partners was aggravated recently, due to the petroleum sector paying support expenses from ...

 Apr 27 2015 - Surplus cement supply stabilises prices for 5th monthDaily News Egypt
(MENAFN - Daily News Egypt) Cement producers have decided to keep the prices of cement stable for the fifth consecutive month, Minister of Supply Khaled Hanafy announced Sunday.Medhat Stephanos, head ...

 Apr 27 2015 - Egypt- EGAS studies preparing Adabiya Port to receive 2nd gasification shipDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Natural Gas Holding Company (EGAS) is looking into preparing Adabiya Port in Suez to be able to receive the second gasification ship, after being unable to ...

 Apr 27 2015 - Tourism minister, Egyptian ambassador discuss tourism relationsJordan News Agency
(MENAFN - Jordan News Agency) Minister of Tourism and Antiquities, Nayef Al Fayez, and Egyptian Ambassador to Jordan Khaled Tharwat, discussed ways to enhance relations in the tourism field.The ...

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