04/02/2016
Chairman of the East chamber discusses strengthening investment cooperation with a German official
Chairman of the East chamber Abdulrahman bin Saleh Al ataishan has met German trade and industry commissioner in the Kingdom Oliver Ohoms last Monday , to discuss ways to enhance cooperation and investment opportunities in the region and the possibility of opening a more diverse commercial and industrial channels .
The meeting dealt with a series of talks about the future plans on intensifying industrial cooperation between German companies and Saudi Arabia, particularly in the eastern region, which is the capital of the industry in the Gulf.
Ataishan expressed his optimism about the meeting, for what has been discussed regarding the serious discussions about the expansion of German trade and exchange of cooperation the Saudi base, pointing that what Saudi Arabia has witnessed in recent years of changes on investment procedures, facilitated and encouraged many of the entry of foreign direct investment.
He added that the new investment climate for has given an un limited stability to production facilities and manufacturing bases, noting that the kingdom is within 20 strongest economies in the world and currently exports its products to most countries in the world, and that there are investment opportunities in several industrial and commercial projects .
Al ataishan said that during the past years a positive developments have occurred in terms of the Saudi German trade, which reached to nearly 11 billion euros in 2013, the last year has witnessed as well as the entry of more than a German company to the Saudi market, there are other companies continue to implement their plans towards the launch of major industrial alliances.
As the German official stressed his country's efforts towards enhancing their relations in various fields in the Kingdom, and taking advantage of the richness of the existing investment.
