|
Saudi Arabia wants greater investment in Egypt
Egypt-Saudi Arabia, Economics, 3/21/2002
Though Egyptian-Saudi trade exchange hit 2.2 billion rials, there are more potentials for larger exchange, said Saudi Minister of Trade Osama Bin Jaafar Faqeeh.
In press statements following Prime Minister Atef Ebeid's inauguration of the Saudi pavilion at the Cairo International Fair yesterday Faqeeh said Saudi Arabia is the largest investor in Egypt.
Joint plants number 630 projects with a total value of 4.8 billion rials, he added.
Non-petroleum exports of the Kingdom reached 27 million rials in 2001, Faqeeh said.
An Arab League initiative 30 years ago stipulated the exemption of all agricultural products from customs fees and there were lists of other partially-exempted industrial commodities, Faqeeh said.
Asked about setting up an Egyptian-Saudi free trade zone, the Minister said an agreement on the establishment of such a zone has been initialled.
Previous Stories:
Saudi- Egyptian trade cooperation
(1/7/2002)
Saudi - Egyptian economic relations reviewed
(1/7/2002)
Egyptian-Saudi talks on boosting investments, trade exchange
(12/29/2001)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
