The German Saudi Liaison Office for Economic Affairs, known as GESALO, held its first awards event on Nov. 6 in Riyadh.
The 1st GESALO Award Gala honored outstanding company achievements and the enduring bilateral economic relationship between Saudi Arabia and Germany. The leadership of 30 companies and institutions were awarded in the categories: Innovation and Technology, Saudi German Business Partnership, Excellence in Customer Interaction and Responsibility for the Future. GESALO Delegate Dr. Dalia Samra-Rohte congratulated the winners in the presence of German Ambassador to Saudi Arabia Michael Kindsgrab.
GESALO is a vital link between businesses in the Kingdom and Germany, promoting trade and investment. By facilitating dialogue and collaboration, GESALO has played a crucial role in strengthening the bilateral economic relationship over the last 45 years.
“We are thrilled to launch this award gala as a platform to celebrate the strong economic partnership between Germany and Saudi Arabia. German companies are participating in numerous megaprojects and infrastructure development, contributing to the national objectives of Vision 2030,” said Samra-Rohte.
“We see a constant increase in the export numbers with a plus of 20 percent compared to last year. While German companies focused solely on exporting in the past, we are also seeing more German companies creating their value chain locally,” she added.
The continuous interest of German companies in the region is also illustrated by the visit of several German delegations. “Just in November, four German delegations are expected — among them are companies from the aviation and food sector,” said Samra-Rohte.
At the awards event, attendees had the opportunity to network with leaders from various industries, enhancing connections that could lead to fruitful collaborations and partnerships.