1998 News Story

Saudi industry showcased in South Africa

Minister of Industry and Electricity Dr. Hashim Ibn Abdullah Yamani today in Johannesburg in South Africa opened the Saudi Industries exhibition "Made in Saudi Arabia". On its first day, the exhibition attracted a large number of visitors, who were presented with copies of the Holy Qur'an. The visitors included the South African Vice-President and the South African Ministers of the Interior and of Constitutional Affairs. Seventy-five Saudi companies are displaying their products at the exhibition.

At a press conference, Minister Yamani said the current visit to South Africa of the Saudi delegation embodies the concern of the two countries to establish strong relations. They had met with a number of South African officials and reviewed with them aspects of cooperation between the Kingdom of Saudi Arabia and the Republic of South Africa. Dr. Yamani said it is hoped that this current visit will pave the way for constructive commercial and industrial cooperation, adding that the Kingdom looks forward to a visit by the South African Vice-President that will provide an opportunity for signing a number of agreements.

At a seminar yesterday, which was organized within the activities of the exhibition, Minister Yamani reaffirmed the Kingdom's desire to build strong industrial relations with South Africa, and highlighted Saudi Arabia's political and economic status internationally. Later, Deputy Director-General for Industrial Development at the Saudi Consulting House Saleh Al-Husseini reviewed the main features of the Saudi economy on the basis of the Kingdom's international status emanating from its leading position as an oil producer. He noted the vital role of Saudi industry in building up the country's economy, citing in this context the Kingdom's industrial cities of Jubail and Yanbu. Secretary-General of the Council of Saudi Chambers of Commerce Osama Al-Kurdi briefed the participants of the seminar on the investment climate in the Kingdom, pointing out the similarities with that of South Africa. Mr. Hassan Ashour of the Saudi Consulting House then highlighted investment prospects in the Kingdom that are available for South African businessmen.