Poland Seeks Joint Ventures With Kingdom

Published: 23 March 2005 y., Wednesday
With the balance of trade tilted heavily in favor of Poland, Saudi Arabia has decided to activate the Saudi-Polish Business Council and take other export promotion measures once the council is up and running. This was one of the action programs formulated at a meeting that Poland’s former President Lech Walesa had yesterday with senior officials of the Council of Saudi Chambers of Commerce and Industry. Besides Walesa, Poland’s Ambassador Adam Kulach, embassy officials and representatives of the Polish media were also present. The Saudi side was represented by Dr. Fahad Al-Sultan, secretary general of the Council of Saudi Chambers of Commerce and Industry, Hussein Al-Athel, secretary general of the Riyadh Chamber of Commerce and Industry, Khaled M. Al-Otaibi, assistant secretary general for foreign affairs, and some Saudi businessmen. Speaking on the occasion, the former Polish president described it as a ground-breaking meeting that could pave the way for a greater momentum in Saudi-Polish relations. He said the potential for expanding their bilateral ties was huge, since Poland had come a long way during the last 15 years since the break-up of the Soviet Union and its emergence as a free-wheeling economy within the European Union, of which it is a member. Any investment in Poland, therefore, yields the benefit of a 200 million-strong market.
Šaltinis: arabnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Equal pay for women - not yet

Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown. more »

EU's biggest-ever energy package

43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package. more »

Georgia to gradually integrate into the European common aviation market

Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators. more »

Mobility Programme for Business and Industry calls for applications

In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme. more »

EBRD and Société Générale support economies in Serbia

The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises. more »

Armenia’s Ameriabank receives EBRD financing

The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF). more »

EBRD funds modernisation of roads in Albania

The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country. more »

Latvia: Social Investment Fund III Project Second Additional Financing

Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives. more »

IMF Managing Director Dominique Strauss-Kahn to Visit Africa to Deepen Dialogue on the Continent’s Economic Challenges

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis. more »

2011 budget: focus on youth and economic recovery

Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget. more »