MOSCOW: The Council of Saudi Chambers (CSC) organized a networking meeting in Moscow on Wednesday for more than 100 Saudi and Russian CEOs to coincide with King Salman’s visit to Russia.
Eng. Ahmed Al-Rajhi, CSC chairman, said he hoped the meeting would boost commercial cooperation and investment between the two countries.
He added that an increase in meetings between Russia and the Kingdom “has become a pressing necessity to activate commercial and investment relations.”
He also called on the businessmen to set up joint industrial projects and find an effective mechanism for trade exchange — suggesting exhibitions, training courses and meetings as useful tools. He also said it was important to settle disputes that may arise between businessmen in a way that will be beneficial to both countries.
Dr. Abdulrahman Al-Zamil, chairman of the Saudi-Russian Business Council, stressed the need to make the most of King Salman’s meeting with Russian President Vladimir Putin in order to boost the economic partnership between the Kingdom and Russia, particularly for small businesses.
Al-Zamil said Saudi Arabian exports to Russia amounted to $40 million in 2015, while Russian exports to the Kingdom stood at $2 billion, with iron, copper, grains, and non-organic chemical products the major contributors.
He said the Saudi market remains a promising one, explaining that Saudi Vision 2030 and the National Transformation Program (NTP) 2020 will act as strong stimuli for any foreign investor.
Several Saudi businessmen also spoke at the event, exploring a number of topics, including agricultural investment, food safety and the role of the Saudi Arabian General Investment Authority (SAGIA) in opening avenues for foreign investment in the Saudi market.
A number of their Russian counterparts revealed investment opportunities in their country — notably in agriculture, energy and tourism.
Saudi and Russian CEOs discuss opportunities at Russia meeting
Saudi and Russian CEOs discuss opportunities at Russia meeting
Saudi defense minister receives Mukalla port director, thanks him for heroic role
- Prince Khalid thanked Basamir for his heroic and humanitarian role in ensuring safety and protecting lives and property at the port
RIYADH: Saudi Defense Minister Prince Khalid bin Salman received the director of the Port of Mukalla Salem Basamir on Tuesday.
In a post on social media platform X, Prince Khalid thanked Basamir for his heroic and humanitarian role in ensuring safety and protecting lives and property at the port.
The Coalition to Support Legitimacy in Yemen carried out a limited airstrike in December targeting foreign military support at the Port of Mukalla in the Hadramaut governorate, where calm has been restored after a period of tension.
In a statement carried by the Saudi Press Agency following the strikes, coalition spokesman Major General Turki Al-Maliki said two ships coming from the port of Fujairah in the United Arab Emirates entered the Port of Mukalla without obtaining official permits from the Joint Forces Command of the Coalition.
“The crews of the two ships disabled their tracking systems and unloaded a large quantity of weapons and combat vehicles to support the Southern Transitional Council forces in the eastern governorates of Yemen (Hadramaut and Al-Mahra) with the aim of fueling the conflict. This is a clear violation of the truce and the pursuit of a peaceful solution, as well as a violation of UN Security Council Resolution No. 2216,” said the spokesman.
