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

French consulate in Jeddah to host Saudi-European business meeting  Join our daily free Newsletter

MENAFN - Arab News - 19/11/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) A high-profile meeting of the Saudi and European businessmen will be held at the French consulate in Jeddah today.

This meeting titled "European Business Group Event," the first of its kind to be organized by the Riyadh-based Delegation of the European Union to the Gulf Cooperation Council (GCC) states in the Kingdom, is expected to attract about 300 attendees, mainly top-notch Saudi and European businessmen and decision-makers, as well as industry leaders.

This was disclosed by Ambassador Adam Kulach, head of the EU Delegation in Riyadh yesterday. "This business meeting is being organized in response to the initiative of the EU member states and their diplomatic missions in the Kingdom," said Kulach, adding that the event will be attended by heads of the business councils of different EU member states, which have been meeting with their Saudi counterparts bilaterally until now.

In his interview, Kulach spoke about the progressively growing relations between the GCC and the EU with special reference to the closer ties in the fields of education and culture. He briefly spoke about the EU's Erasmus Mundus program, which supports students from the Gulf states to pursue education in a consortium of European universities. Kulach also spoke about several EU Delegation's future programs and events. He also pointed out that there will be substantial EU participation in the UN Framework Convention on Climate Change (UNFCCC) conference in Doha.

The conference, which will take place from November 26 to December 7, will be a very important environmental event. In fact, the Doha Summit faces a number of significant challenges, including the need to extend the Kyoto Protocol before it lapses at the end of the year. It also requires diplomats to agree a roadmap for delivering a new legally-binding climate change treaty that can be agreed by 2015 and brought into effect from 2020.

Asked about the participation of diplomats and businessmen in Jeddah meeting today, he said that the meeting will be attended by representatives of the business councils of France, the UK, Italy, Germany and Austria. "Saudi Arabia is a major trading partner of the 27-member EU bloc," said the envoy, adding that the EU member states see tremendous potential in Saudi Arabia. He said this meeting will bring together business representatives and EU officials including diplomats on one platform to discuss how the two sides can seize opportunities to boost commercial links further.

He said the event in Jeddah will reaffirm EU's commitment to the development of relations with the Kingdom. It will also reaffirm the EU's desire to achieve a qualitative improvement in Saudi-EU ties, while the event will help to reinforce EU-GCC cooperation also. There will be substantial representation at the meeting from the Council of Saudi Chambers and from several Saudi business houses, he added. To this end, Kulach noted that the European Union has been one of the most important trading and investment partner of Saudi Arabia.

The EU today is the world's largest single market with a population of more than 500 million people. The EU as bloc imported Euros28 billion worth of goods and services from Saudi Arabia last year. EU exports have been in the region of Euros 26 billion annually. In fact, imports from Saudi Arabia increased by 71 percent last year compared to a year before, he noted. "Moreover, we are working within the framework of the GCC-EU joint action plan further," he said.

He pointed out that the EU and GCC have established solid platforms for dialogue and regular consultations on issues of mutual concerns. In the field of education, Kulach said that the Kingdom and EU are working closely now. This is a promising area of engagement, he noted. "At least 30,000 students are studying at different universities across the European Union region," said Ambassador Kulach, adding that the Kingdom and EU are on the right tracks to promote a comprehensive cooperation program in this field.

A simple look at the demographic development in the GCC countries reveals a structure that has children and students making up a majority. Hence, there is a greater scope in the field of education for EU and for GCC states including Saudi Arabia. Currently there are about eight million students in the GCC countries in the 6-18 age groups. At the higher education level, students' enrolment figures are rapidly growing across the Gulf states.

This growth pattern of Saudi and Gulf students will also be seen eventually in the European academic institutions, said the envoy, while appreciating the King Abdullah Scholarship Program. He said that the Gulf states are of considerable political, economic and cultural significance for the European Union. A prosperous and stable Gulf region, having close economic and political relations with Europe, is in the best interests of the EU, he added. The relationship between the EU and the GCC is governed by a cooperation agreement signed way back in 1988 as well as a joint action program agreed by the two blocs in 2010.


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014'Piles and piles' of bodies in S. Sudan ,Arab News
(MENAFN - Arab News) Nairobi: gunmen who targeted both children and the elderly left 'piles and piles" of bodies — many of those in a mosque — in a provincial capital in south sudan the un's top ...

Apr 23 2014ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Gitex Shopper Spring 2014 to open doors today ,Khaleej Times
(MENAFN - Khaleej Times) Gitex shopper spring 2014 is set to open doors today with best bargains on latest tech products along with millions of dirhams worth of prizes during the four-day ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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