10/09/2011

Saudi European Economic Forum

After Indonesia last year, Saudi Arabia is this year’s guest country on the seventh edition of the Business Forum.

The Kingdom of Saudi Arabia, having a growth rate of 3,8% in 2010 and an expected growth rate of 6,3% in 2011, is still largely funding on its oil business which is still the motor of its economy. This Islamite middle East country with 25,4 million inhabitants possesses over 25% of the world’s proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. Nevertheless diversification is an important issue. Efforts are focusing e.g. on power generation, construction, telecommunications, natural gas exploration, petrochemical sectors and services.

The coming years, the governement is planning to invest strongly in social development and infrastructure projects to advance Saudi Arabia’s economic development. A lot of opportunities exist for Flemish companies willing to do business in Saudi Arabia which acceded to the WTO in 2005 and is strongly promoting foreign investments. In particular in sectors such as construction, health care, energy, petro chemistry, water and electricity, environmental technology, transport and logistics, food and agriculture there are a lot of opportunities.

Doing business in Saudi Arabia obviously raises a lot of questions and remarks. The Saudi Arabia government is making good progress to attract foreign investors and there are various opportunities for small and large investments in different economic sectors. This seminar aims at providing you with a better insight into the opportunities and challenges Saudi Arabia offers.

ProgrammeSaudi European Economic Forum Sept 10

 

When : Saturday 10 Sept. from 1 to 7 pm

Address: Flanders Expo Gent, Maaltekouter 1, 9051 Gent

How to get there: www.flandersexpo.be

Participation: free of charge

Registration: sabina.de.roeck@oost-vlaanderen.be

Fax 09 267 86 98

 

*spoken language: English

*places are limited