29/10/2014
Philippine trade delegation looking to invest in the food sector in the Saudi market
Member of the Board of Directors of the East Chamber Rashid bin Abdullah Al-rasheed stressed on the depth of bilateral relations between the Philippines and the achievements of the cultural and commercial level during a reception Tuesday 28 October 2014 Filipino trade delegation headed by the Minister and Consul General of the Embassy of the Philippines, Marshall Wais at the Chamber headquarters in Dammam. Al Rasheed said during the meeting, which was attended by the Secretary-General of the Chamber Abdul Rahman bin Abdullah Al wabil and a number of businessmen in the East that the Kingdom enjoyed a friendly relationship of the Philippines confirmed the presence of more than 700,000 Filipino workers living and working in the Kingdom. Praising the technical and practical expertise and professional skills that they can win the confidence of employers in Saudi Arabia. Alrasheed said that Saudi Arabia invests in many States for the cultivation of agricultural products under the food security program in Saudi Arabia that there is potential for a bright collaborations in agriculture with the Philippines being a country famous for its agriculture, as there are many Saudi companies already have large investments in real estate and agricultural development in the Philippines.
Weiss said that the Philippines has quality in providing food to the kindom at competitive prices. Added ' we are here not only to market our products, we are also interested in food processing in the Kingdom ' also urged companies to consider investment opportunities in the Philippines, particularly in the areas of infrastructure and tourism development. He said: our country has become a favorite tourist destination visited in 2013, more than 4.7 million tourists visited the Philippines from all over the world including 37,000 tourists, Saudis. The two-way trade amounted during the year 2013 10.8 billion as imports from the Philippines for about 1 billion reais, while the value of Saudi exports to the Philippines more than 9.8 billion riyals.
