29/05/2013
German Exports to the Kingdom Jump to 1.5 Billion Euros
Asharqia Chamber's secretary-general Abdulrahman bin Abdullah Al Wabel stressed on the depth of relations between the Kingdom and Germany, noting that it contributed to strengthening economic relations between the two countries.
Al Wabel stated during the opening ceremony of the German Catalogs Exhibition Tuesday, May 28, 2013, that the economic relation between the Kingdom and Germany is full of achievements and cooperation in many important sectors in the Kingdom; such as technology and construction.
Al Wabel called German companies to invest in the Kingdom and seize the opportunity of the facilities offered by Saudi Arabia to foreign investors, pointing to a huge investment led by Saudi Aramco in Jubail 1 and 2 and the area of Ras AlKeer.
He pointed out that the latest statistics confirm the efforts to enhance trade relations as German exports to the Kingdom increased by 20 per cent, to 8.2 billion euros in 2012. The value of German exports to the Kingdom in the first two months of 2013 amounted to 1.5 billion euros which represents an increase of 15 per cent compared to the same period of the previous year, making Germany the third-largest supplier to the Saudi market.
