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
 Sep 2 2015 - The Algerian tent: A symbol of pride, traditionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The tent is slowly regaining its status amongst Algerian city-dwellers as an icon of tradition and pride. However it is now assuming the new role as a spot for ...

 Sep 2 2015 - Chinese President hopes more cooperation with EgyptKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Chinese President Xi Jinping on Wednesday expressed desire to promote cooperation with Egypt in industry, infrastructure and security, state-run Xinhua News ...

 Sep 2 2015 - Palestinian economy suffered recession in 2014 - UNCTADKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) In 2014, the economy of the Occupied Palestinian Territory witnessed the first recession since 2006 and the second consecutive decline in gross domestic product ...

 Sep 2 2015 - GSO 36th meeting kicks off in OmanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The GCC Standardization Organization (GSO) 36th technical council meeting started here on Wednesday with participation of heads of the standardization bodies of ...

 Sep 2 2015 - Kuwait- His Highness the Deputy Amir receives top officialsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Deputy Amir and Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace Wednesday His Highness the Prime Minister Sheikh ...

 Sep 2 2015 - 2745 Egyptians present candidacy paper for parl't elections in one dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The High Elections Commission in Egypt announced on Wednesday that 2745 candidates presented their candidacy papers for the upcoming parliamentary election ...

 Sep 2 2015 - Turkish tanks pound ISIL sitesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Turkish tanks shelled the sites of the so-called Islamic State in Iraq and the Levant (ISIL) inside the Syrian territories near the border province of Kilis, said ...

 Sep 2 2015 - Kuwait- KSE ends Wednesday in red zoneKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended Wednesday's trading session in the red zone as the weighted index lost 2.48 points, the price index dropped 34.46 points ...

 Sep 2 2015 - Gunmen kidnap 18 Turkish nationals in East BaghdadKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Unknown gunmen have kidnapped at least 18 Turkish workers from a construction site in east of the Iraqi capital of Baghdad.An Iraqi police source told KUNA that ...

 Sep 2 2015 - Kuwait effectively contributes to maritime security in Arabian Gulf region - Sheikh AzzamKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait vitally contributes to securing the maritime security besides its role in fighting terrorism, and smuggling in the Arabian Gulf, as part of the ...

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