Saudis encourage exchanges with Malaysia
Head of the Riyadh Chamber of Commerce and Industry, Abdul-Rahman Al-Jereisy, recently urged Malaysian businessmen to purchase Saudi products in order to strengthen exchanges between the kingdom and the Asian country, reported Al-Hayat.
Addressing a seminar about trade opportunities between Saudi Arabia and Malaysia, Al-Jereisy called to widen bilateral exchanges by taking advantage of the commercial specialties of both states.
According to Al-Jereisy, exchanges between Saudi Arabia and Malaysia have expanded from 176 million Saudi Riyals ($47 million) in 1990 to SR 2.1 billion ($560 million) in 1999. As a result, Malaysia grew to be Saudi Arabia 20th largest trade partner. In 2000, Saudi imports from Malaysia reached SR 1.1 billion ($293 million). ― (MENA Report)
© 2001 Mena Report (www.menareport.com)