10/02/2015
Alotaishan opened yesterday the activities of the Saudi British week
British senior economic delegation reviewing investment opportunities in the energy sector of East Chamber
The head of theBoard of Directors ofthe EastChamber, Mr. Abdulrahmanbin SalehAlotaishansaid that Britishproducts and technologyinthe sectors of oilwill have abright futurein the Kingdom, especiallyin the eastern region, whichis theenergy hubandthe capital of theGulfindustries.
AlotaishanandCommissionerBritish Prime Ministerfor Trade, LordKing, whoheads theeconomic delegationsenioreventsSaudiweekthe Britishin 2015Tuesday, February 10, 2015at the ChamberPresidentandthe presence ofa member ofthe Board of DirectorsRashidbin Abdullah Al-Rasheedduring the openingsaidthe Eastis witnessinglarge-scale projectsled byAramco, noting thatthe Chamberattachedgreat importance to theeventbeinga large numberof the leading companiesin the UnitedKingdom, whichis mainly engaged inenergy, renewable energy,oil and gasfields,and chemicalcompanies, power generation, construction, mining, marine andfire-fighting,and advanced engineering, air conditioning, consulting, educationand training.
Alotaishanthrough the meetingorganized byKingdom Tradeand Investmentin cooperationwith the Chamberthatthere are many newpetrochemical, mining,industrialandupcomingprojectsinthe industrial citiesof Jubailand inthe mining areaof the newlybuilt inRas Al-Khairarea.Withitshugeindustrial, asbynearlyhalf of the totalindustrial investmentsin thekingdom andcontributesmore than 60percent of theGDPof the Kingdom.
AlotaishancalledBritish companiesto look atthe hugeinvestment opportunitiesin the regionin collaboration withtheir Saudi counterparts, referring tothe facilities offered bythe Kingdom offoreign investors,which resulted in atangiblepresence of Britishcompanies, pointing out that25 000British citizenliving and workingin the Kingdom, and theUnited Kingdomand throughspecial relationswith theUKin the education sectoris taught inuniversitiesand institutes20 000Saudi studentsin thelategrantSaudi KingAbdullah bin Abdul AzizGod bless his soul.
For his part,Kingsaidduring the meetingthatBritish businessmencollectionSaudicounterpartsthat Britishcompanies have ahigh reputation in theoil and gassectors.Ranging fromengineeringunder the seatothetrainingand educationhas been recordedinexcellentNtaújaeconomiccontractsin thekingdom.
TheKingstressedthe depth ofhistorical relations betweenthe two kingdoms,notingthat the UnitedKingdomis the second largestinvestor in theUKthrough more than200 participantsandis currently activein various economic sectorswith an investment of11.5 billionpounds.
TheBritisheconomic delegationduringEnergy WeekprogramextendedtoJubail,where he will meetmembers of the delegationonThursday, February 12, 2015a group ofbusinessmen inJubailprovince,andthe headquarters ofthe Chamber's branchin Jubail Industrial City.
