Visit of H. E. Saudi Arab Ambassador to the Ministry of Economy of the SR

Monday, 08. March 2010

SARIO CEO Juraj Kiesel took part at the audience of the H. E. Extraordinary and Plenipotentiary Ambassador of the Kingdom of t Saudi Arabia in the SR, Mansour bin Khalid Al Sauda at the Minister of Economy of the SR Lubomir Jahnatek.
From the countries of the Persian Gulf (Bahrain, Katar, Kuwait, Amman, SAE), Kingdom of Saudi Arabia is our second biggest business partner with which we have long time active balance.
According to the Minister of Economy of the SR, the priority for the future development of the economic cooperation with the representative office of the Saudi Arabia will be finalizing the legal framework which will allow for much broader liberalization of the mutual business exchange. In this connection there are expert negotiations planned on the Agreement on the Support and Protection of the Investment and the Agreement on the Limitation of Double Taxation.
During the meeting, the SARIO CEO proposed an offer of closer cooperation with the representative office of the Saudi Arabia with the aim to support Slovak companies export to the Saudi Arabia market, as well as joint-ventures and foreign direct investment
The fields of the highest cooperation potential are energetics, petrochemical industry, water, irrigation and waste industry, and machinery (most of all it is equipment for the environment protection in the gas processing or gas or machinery production.