Philippines' trade delegation discusses investment opportunities with businessmen in Eastern Region

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Dammam, Jumada I 08, 1437, February 17, 2016, SPA -- A commercial delegation of The Philippines, led by the Commercial Counsel at the Filipino consulate and Investment center in Dubai Dr. Faisal Abdullah reviewed at the Eastern Region's Chamber of commerce the investment and trade opportunities with businessmen in Eastern Region. To mark the occasion, Bandar Al-Jabry, member of the Eastern chamber of commerce and industry, said during the meeting that the Kingdom enjoys distinguished commercial ties with The Philippines, noting that The Philippines is well known of its excellent nature and fertile lands, a fact that helps open new horizons of cooperation between the two countries as part of the food security program in the Kingdom. He added that Saudi companies have great investments in real estate and food agricultural development sectors in The Philippines, calling on Filipino companies to consider joint cooperation in food industries in the Kingdom and make use of the facilities provided by the Kingdom for foreign investing companies. For his part, the leader of the Filipino delegation said The Philippines attaches great attention to promoting fruit products in the Kingdom, noting that the Kingdom is The Philippines leading source of energy whereas it amounted in January to September last year to $1.6 billion against Saudi imports from The Philippines amounting to $53 million in the same period. --SPA 16:46 LOCAL TIME 13:46 GMT www.spa.gov.sa/w

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