Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Netherlands moves to boost growing ties with Kingdom  Join our daily free Newsletter

MENAFN - Arab News - 10/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The netherlands is keen to further enhance cooperation with the kingdom even as the bilateral trade relationship between the two countries has flourished with holland being one of the ten most important trading partners and investors in saudi arabia.

as the european union is celebrating the 'europe month in ksa" featuring european gatherings exhibitions concerts information sessions and culinary delights the netherlands embassy has similarly opened the 'holland food festival" in riyadh to give a taste of what their country has to offer to the people here.

the food festival which kicked off on may 2 will continue until may 12 at the marriott hotel offering white veal seafood vegetables coffee and of course cheese.

netherlands ambassador laurens westhoff said that the relations between saudi arabia and the netherlands go back as far as the 17th century in 1614 when the dutch got permission to settle in the arabian peninsula.

'the trade relationship has flourished to this date making the netherlands one of the ten most important trading partners and investors in the kingdom of saudi arabia" westhoff said.

commenting on bilateral trade he said that the netherlands exports a wide range of products and technology in various sectors including agriculture machinery chemicals and petrochemicals. citing statistics he said that the exports to the kingdom had increased by 25.2 percent since 2006.

'food products and machinery figure as the highest export product owing to the diversification of the saudi economy" westhoff said adding that agricultural and dairy products are also an important part of the bilateral trade.

'dairy companies are currently expanding their activities in the kingdom" he underlined.

he added 'when you think of dutch cuisine you probably think of cheese. and yes there are dozens kinds of dutch cheeses. gouda cheese edam cheese young cheese ripe cheese we have it all."

however the dutch cuisine comprises more than just cheese he pointed out.

'the netherlands is the number one white-veal producer in the world and there is fantastic caviar hailing from our country" he pointed out.

he further observed that saudi arabia is investing more in upstream activities in order to limit its dependence on oil revenues. he maintained that the saudi market is stable and attractive for investment and that the netherlands looks forward to bolster bilateral ties with the kingdom.

he further informed that last month the king faisal university and the university of groningen signed a service agreement which is a new chapter in their successful cooperation.

the two universities presented a joint workshop on adopting the 'problem solving" medical curriculum.

historically the cooperation between the two countries is very close. the netherlands is one of the largest investors in the kingdom with foreign direct investment (fdi) from the netherlands to saudi arabia at nearly 4 percent of the total fdi.

in addition there is an increase in the number of saudi-dutch joint ventures in the kingdom.

the ambassador noted that the strong commercial interest has led to an equally strong interest in the arabic language and civilization where the people of the netherlands are very keen on learning more about the arab culture.


 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help